Interesting bloomberg article.
Draft code has Cu royalties increasing from 2 to 3.5%. This is worth ~$2.5M per annum to TGS based on a $3.00 Cu. Obviously doesn't help but practically noise against things like exchange rate, cost of diesel, timing of mains power, etc.
http://www.bloomberg.com/news/artic...-plan-boosting-mine-royalties-increase-stakes
Interesting bloomberg article. Draft code has Cu royalties...
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