Furthermore, some of our competitors have projects in Africa, ie Congo (Gecamines) and Zimbabwe, and a lot of their revenue will be going to the government, the royalties, the taxes, etc. And they are not even close to releasing a feasibility study since they haven't enough capital to do so. Anyone who wants to invest in African projects needs to take a hard look at the mining codes in both of these countries on top of the political risk that they carry. Basically, it's this, new mining projects will require to pay high royalties (30-40%) of revenues to the government, and that's only if they like you. Believe me, they only allow specific mining companies to come in.
Argentina currently, is the most mining friendly country in terms of start a new project with relatively low royalty percentage rate (10-15%) And our SDV project will be far more competitive, and allow us to keep more revenues, which in turn will be given back to shareholders over time.
I wonder if the analysts have even considered any of these variables, when trying to decide where which companies they want to support. Very important questions that no one seems to be asking.
Add to My Watchlist
What is My Watchlist?