DRX diatreme resources limited
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carbon tax

  1. Chawkey
    2,214 Posts.
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    12/07/11
    22:50
    Post #: 8666556
    A query on the possible impact of the carbon tax on DRX.

    I saw Iluka's net profit was estimated to fall by circa 5% as a result of the carbon tax. But this would be more than made up for with expected increased zircon prices.

    DRX's Cyclone resource has an extimated value of $300m, so am I right in estimating the carbon tax knocks $15m off this value?

    If that is the case, then the project should still be very attractive to BaoTi.
    DRX Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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