minemakers likely to risk tax , page-9

mak went to 3.00 when there were super profits all for MAK,,

recall RP was 450/tonne. and the sun was shining.

Now, its a marginal operation, that is burdoned with this extra tax to consider.

The yeeh ha days for MAK are going to remain dormant, unless RP strengthens considerably, and then cut to the knees.

the study ought to show more,,

ultimately, it just comes back to one thing, NPAT, and EPS,
and what SP target can be derived, post any dillution necessary.

Keep in mind, also, that this resource tax, does NOT allow the cost of finance as a deductable, it is determined on EBIT. The "I" being "interest" ie cost of finace. The "B" meaning Before.

So, projects that require large debt finance to get going, and then qualify for the tax on EBIT, (whilst they might not have if they could have claimed interest costs) may face a tax payment, while cash flow negative post EBIT.

Is why twiggy, wont go ahead with his other expansions.

And that leads to chinese puting up the dollars, as an offtake partner, but then, agree to pay less for it, so tax is not paid here, but over in china where it is developed into product.

Your and idiot Kevin. All this does is send the tax revenue to other countries.