hi El,What has made me think twice about moving into STB is the...

hi El,

What has made me think twice about moving into STB is the fact that they have to hand 10% of the project to the government of Eritrea free carried.

And that the government can take another 30% of the project at an independently determent price.

So STB could end up only owing 60% of the project with a corp tax rate of 38% + royalties of 3.5 % = 41.5% TAX

But with Potash hot as pancakes and a BHP bid that may not be approved STB will keep attracting interest.
And mix into that the high PGM prices and you have a very potent mix, which would be hard to ignore for those who like to take a punt.





Mining code based on Northern Territory,
Australia, with royalties of:
?X 5% on precious metals; and
?X 3.5% on base metals and salts.
?X Corporate tax rate ~ 38%;
?X Government 10% free carried contributing interest
and;
?X After BFS Government has option to purchase an
additional 30% equity participation interest at an
independently determined price.