I'm invested in NZC as well so I am following this news very closely.
"That means mines run by companies including Glencore, Randgold Resources Ltd. and Ivanhoe Mines Ltd. will immediately be subjected to higher royalties on metals including copper, cobalt and gold, as well as a new 50 percent tax on so-called super profits -- income realized when commodity prices rise 25 percent above levels included in a project’s bankable feasibility study."
I think the move from 5% to 10% is ok. But I gotta read more into this super tax.
Either way I am glad that we are in friendly Namibia. When cobalt prices hit $100k+ (and it will be faster than expected with this DRC news), we will look very attractive indeed. I'm calling 19c+ in 1-2 months.
(Opinions, not advice)
I'm invested in NZC as well so I am following this news very...
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