GREY:NEVDQ - Post by User
Post by
thomsonion Jan 02, 2017 12:48pm
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Post# 25659199
Some thoughts
Some thoughtsPresident-elect Trump's plan to reduce income tax from about 35% to 15%....if enacted, would have a significant positive effect on PH's project economics.....A tax reduction of this magnitude this would effectively reduce the price of copper required to have an economic project. Taxes are a significant "cost" to any project.
So instead of $2.85/lb base case----the new base case might in fact be much lower.
One would hope the company would run this case and make it available to shareholders.
So while most everyone will be focused on the future price of copper....I'll be keeping a close eye on Trump's plan to cut taxes significantly. It might in fact be the catalyst required to get this project up and running.
Happy thoughts....