20% of something is always better than 100% of nothing.Once you...

20% of something is always better than 100% of nothing.Once you super tax mining income instead of royalties,it takes money from the states and gives it to the coffers of the greatest spendthrifts ever,and allows the companies to export their profits.Lose lose for the taxpayer.Many smaller mines in Qld alone have been shelved as CT and MRRT finish off prospects already hit with a high dollar and lower prices.Confidence is shot in an industry that lives or dies by confidence of investors..All labs that want to own the minerals can do so by putting up their money,not just putting out their hand