RE: Now what? The new mining tax applies only when a company makes AU$75MMM profit and everything I read seems to say it applies only to Iron ore and coal miners...but I am uncertain whether gold miners are totally excluded. Anyway, near term or indeed all future trading might not , therefore, be influenced by mining tax law. This company is a gem in the rough, With the production they are forecasting, and with hedges becoming proportionately less of total produced, plus cash operating costs going down...well, I consider it a good investment at the levels that keep being thrown up every day. Even with a $50-$100 drop in the gold price the impact of having a greater proportion sold at spot makes this attractive IMO.. If gold goes higher I expect the share price increase will be rapid and greater on a percent basis.
As to the insurance, while I seem to remember it I am unable to reference it in any material. Where is it mentioned?
GLA