Perhaps a solution to IO oversupply from the dynamic duo and its detrimental effect on IO prices is actually possible. The WA government should introduce a royalty rate comparable to income tax rates. i.e. Let's say zero royalties up to 20mtpa that rises to some ridiculous level above ~150mtpa. That will make BHP etc. think twice about whether it is worth producing 1 zillion tpa of IO. It will reduce the costs of the small companies but increase the costs of the large companies the more they dig. Just a wild thought.
AGO Price at posting:
37.0¢ Sentiment: None Disclosure: Not Held
