Its the bloody uncertainty in relation to a tax on resources that postpones investment/development of new projects and operations.
I dont believe we will end up with a tax that will damage our mining industry, although it will be difficult to progress with Ridley in the mean time without some degree certainty.
We will have to maintain patience in regards to Ridley and focus on the tremendous growth prospects of the hematite operations and the rewards long term holders deserve.
The sun will come up tomorrow as sure as that screeching redhead will lead a disfunctional government. At least we are certain of that!!
Bart
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Its the bloody uncertainty in relation to a tax on resources...
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