Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Renegade Gold Ord Shs RVREF


Primary Symbol: V.RAGE

Trillium Gold Mines Inc. is a Canada-based company. The Company's principal business activity is the exploration and evaluation of mineral assets. The Company is focused on the exploration and development of gold deposits in the Red Lake District. The Company's projects include Newman Todd, Gold Centre, Leo Property, Red Lake West, Shining tree, Moose Creek, Caribou Creek and Copperlode West, Confederation Belt Properties, and Panama Lake Property. The Company holds a 100% interest in the Newman Todd properties (the NT Project). The Company controls two contiguous properties located in the Red Mining Lake District of Ontario. It holds Eastern Vision property in the Confederation Lake assemblage, within the Birch-Uchi greenstone belt in the Red Lake Mining District of Ontario. Its land package covers approximately 13,958 hectares between the Fredart, Confederation North and Confederation South properties. Its Panama Lake Gold Project is located in Red Lake Mining district, Ontario.


TSXV:RAGE - Post by User

Bullboard Posts
Comment by HappyInvestingon Nov 18, 2015 11:51am
154 Views
Post# 24301029

RE:RE:RE:RE:where is

RE:RE:RE:RE:where is I understand your points, but you're assuming everyone there will be as corrupt as Campaore, which is hopefully not the case.  You can't expect True gold to solve all the countries problems by just paying more in taxes either.  Hopefully things will change for the better in the country and the ousting of Campaore last year was a good start.  

When you take into consideation the 17% income tax, roaylties on the top line, the withholding on all monies leaving the country, and the 10% free carry, it probably works out to a 35-40% take for BF which is more than fair.  Also, don't forget all the infrastructure TGM (and other miners) build, the medical facilities, the training & jobs they provide locals, etc.  Usually, miners also train communities in other industries and skills so when the mining company goes home after closing the mine, the communities are not left empty-handed, but have other sustainable industries.  You can't put a dollar figure on some of this.  There is are huge benefits to local communities and to countries in general by having mining companies develop projects in their countries - proivded it is done right, which TGM is doing.    Countires, in turn, have to provide a stable and fair taxatioin regime to foreign investors like mining companies, who bring in money and know-how, and spend years and invest millions of dollars to find projects and develop them. If the tax rules keep changing monthly, everyone will pack up and go home.  How will that benefit the country?  

As far as democracy goes, the democratic elections won't solve all of the country's problems overnight, but it's a start.  Lighten up.  
Bullboard Posts