RE: RE: RE: TV tax burden < 10%Yes I read the story. The fact is royalty regime is extremely punitive compared to almost any mining country. It wouldn't be that bad if it was only net profit interest, but half of it is calculated from operating profit. I.e. you can't even deduce amortization/deprecation before tax is deduced. And it is progressive. I'm not happy, but I admit it doesn't outright kill investment.
PS. I don't care what Candente says, they are trying to sell the company anyways. Of course they will belittle the negatives.