RE: RE: 30% Eritrea interest - how much are we expThe government will pay out of earnings. I figure $500 million is not out of the question in total profit for 2011 at these metal prices. Government gets 40% which is $200 million ... a nice down payment on their 30% share.
Government should be paying fair NPV for the remaining 30%. Don't forget they are skimming already because they got a free 10%, and also because they are using the old conservative resource etimates. They are getting the new 40% increase in reserve estimate for free! If Eteria pays any less than $500 million it will be even a bigger robbery than the steal they are getting now. Won't look good for any future business develpoment.
Pardon the pun, but we are sitting on a gold mine here. Lets get this share price into the double digits where it belongs. Enjoy the ride.