Excellent find Stockhunter. Thank you.
I would just like to add that our CAPEX for Nowa Ruda will be half of that of New Age Exploration (NAE) and our OPEX should be lower than theirs as the wages in Poland are significantly lower than in the UK.
The corporate tax rate in Poland is 19% compared to UK's 20% and Aus 30%.
And here comes the slam dunk:
.
Guess what the mining royalties are in Poland?
ZERO%!!!
Yes, absolutely nothing!
And let's not forget that we might have buyers for our coal just 40km away by rail which is passing within few meters of our boundary and you have a very profitable project.
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Excellent find Stockhunter. Thank you. I would just like to add...
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