Running discussion on SP, page-6153

Mining code comes in "without any adjustments", so they're playing hard ball.
50% on anything over say ~$700... now that's a bit of a killer. Contract stability period down to 5 years... Risk is all on the developer, and rewards / upside go to government. Great way to kill off investment if you ask me. Goldies will survive alright but any Li profit will be cut by what ~ 40% from the get go due to low ave prices used across the board in Li feasibility. If US$800 was used in BFS then not an issue, but all the independent numbers come in sub $600 from what I've seen, and I guess you have to be conservative when you have no idea where the supply/ demand will be in 5 years (even if we Li investors think we do)

And I guess that's why the investment flows freely into the Aussie Li cos and Africa is on the nose. K RUD tried the super profits tax and got removed, not by the people, but by the mining heavyweights.... 'democracy' in action