Ann: Galan Signs Pivotal Commercial Agreement with Catamarca Govt, page-122

Moin daando,

yes correct. Only Macquarie is obviously very surprised by this. And the Chilean Mining Council, to which large private companies belong, assumes that the average tax rate will be 44.7 %, exceeding the peak value of 38 to 44 % in competing countries such as Peru and Australia.Argentina, by contrast, offers an attractive investment regime – 35%corporate tax rate, 30-year fiscal stability (taxes cannot be increased) from the date of the feasibility study, a 3%royalty rate, additional 4% for Li-Cl and accelerated depreciation treatment.

Let's frame this
thank you for placing it in your DFS framework.(little hint, I think the heading in column 2 should also be DFS 1?).I will add the 7% instead of 3" to my modelling later this week. Let's see if I post something about this.
Key Takeaways from your Modelling:

• 3 % IRR 31.48% ebitda 84,000,000 NPV(after TAX) 427,000,000
• 7 % IRR 30.50% ebitda 80,000,000 NPV(after TAX) 398,000,000

It is extremely important to translate percentage figures into absolute figures.Otherwise, confusing interpretations can quickly arise.
Example from this thread:...7 % royalty on net revenue is quite hefty, and represents a 130% (!) increase on the previously used 3% royalty figure....