As for the source of subsidy funding, RP is Morocco's main export. This is a natural place for the government to look.
BBY suggest a movement of OCP towards being privatised. In that case the government will be imposing a tax, presumably on profits, rather than a royalty which would add to the opex. Either approach would eat into profits.
The ability of OCP to raise funds will be determined by how profitable they could be at various RP prices.
I think BBY should be concentrating on this aspect of OCP, their recent report smells a bit fishy to me.
AEV Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
