LightForce,
It's Eritrean mining law. You must have missed this part when reading the Annual Report.
"...on application for a mining license, the Eritrean government is entitled to a 10% free-carried interest. The government also, after delivery of a Bankable Feasibility Study (BFS) has the right to purchase on negotiated terms an additional 30% equity participation interest in any mining project and a 3.5% royalty on potash salts."
http://www.southbouldermines.com.au/images/uploads/South_Boulder_Annual_Report_-_2011_Final.pdf?phpMyAdmin=1bd01278398afe2def79ae9abee3d160
The actual spits for other mining operations seems to be 2/3 to 1/3 so will likely be the same for STB.
The only printing of money will be from selling MOP/SOP at >$500t when opex is likely around $150t.
While they are a poor country relative to us, they are not dumb and will find the money imo.
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LightForce,It's Eritrean mining law. You must have missed this...
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