RE:RE:RE:RE:RE:RE:RE:This is FANTASTIC for our Platreef projectTops,
I believe you were told this, but I have my doubts it would be acceptable to the government. We already have company studies, not feasibility, which use a base case scenario of $3.00 copper and $1.10 zinc. If the supertax is applied to base case + 25%, then we're looking at $3.75 copper, $1.375 zinc. I'm assuming the government would put up a fight and refuse to accept a prohibitively high base case scenario for feasibility that would effectively bury the supertax. The Company can still earn enormous profits with the supertax. RF himself has indicated in recent comments at the SA conference that these tax proposals are not the central issue.
The government must honour preexisting 10 year stability pacts. Otherwise new mining legislation would be illegal under international law.