Scale is certaintly king.
Also remember their wage costs are very low (some would say slave labour) plus I'm not sure about tax and royalties but they are likely low as well.
And also remember that inflation is not their worst enemy. It is sovereign risk (think higher taxes, possible nationalisation although on the low risk end) and workers wages/rights.
I suspect these will impact on their costs substantially.
Cheers
Paterson Exploration Project, page-48
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
