OTCQX:DMMIF - Post by User
Comment by
sysaphuson Apr 09, 2013 11:45am
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Post# 21231342
RE: question for board
RE: question for board 800,000 ball mill capacity. What that translates to in output the real world is anyone's guess. They have a license for 1500 tpd [5 licenses @ 300 tpd each] so I suppose 2000 tpd is possible.
1500 keeps them in the small miner category tho which has tax advantages. As much as I hate to use the words "assume" and "well lthought out" in the same sentence about Dynasty, I'd assume any plans to increase output would be well thought out so profit doesn't actually drop when the transition to large miner is made. The increase in tax rate to 5% plus the addition of the windfall tax of the large miner category would require a decent jump in output to overcome their extra burden.
As far as I know [ which is not far since there's little news] is that Ecuador and Kinross are still negotiating the windfall tax rate so the $ value it kicks in at and the method or sliding scale it's applied at is still an unknown. Hopefully the legislation will go to first congress in May and finally be settled.
Last I heard was Ecuador has relented somewhat and agreed that no windfall tax be imposed until the capital costs of the mine have been recouped so that's something at least.