Its resource assets in Australia. 40% resource tax rate that will be applied to resource assets in Australian territory at a certain profit level 2012. But they are also going to reduce the company tax rate to 28% from 30% but that part won't apply until 2014. Yes 40% of profit at a certain profit level. but Oil and gas here is paying 40% is my understanding anyway, thieving buggers. Some of the tax will be invested back into infrastructure projects. ha ha ha.
PNA looking not to bad as far as today goes.
PNA Price at posting:
53.0¢ Sentiment: Hold Disclosure: Held