The proposed RSPT (now renamed 'Mineral Resource Rent Tax') won't apply to Gold or Copper mines which is good news for TLM.
Regarding the Fe (iron ore) resource at Wonmunna, the effect of the tax (if the ALP is re-elected and manages to get the tax through the Senate) has been reduced due to the increase in the threshhold to about 12% (return on capital) with the rate reduced from 40% to 30%.
So, what to do with the Fe resource. Should TLM keep this on the backburner, develop it or offload it to another miner?
The proposed RSPT (now renamed 'Mineral Resource Rent Tax')...
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25.5¢ |
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Mkt cap ! $48.02M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.0¢ | 25.5¢ | $18.72K | 72.84K |
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| No. | Vol. | Price($) |
|---|---|---|
| 6 | 176000 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 1358 | 1 |
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| Last trade - 12.50pm 29/07/2024 (20 minute delay) ? |
| TLM (ASX) Chart |