OTCPK:KATFF - Post by User
Comment by
Lech1988on Oct 04, 2019 4:43am
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Post# 30195227
RE:RE:RE:RE:RE:RE:RE:Essential reading
RE:RE:RE:RE:RE:RE:RE:Essential reading
Sorry to rehash this but is that NPV using the current tax regime in the DRC? Glencore stated KAT will be producing an EBITDA of $1billion in free cashflow once fully ramped but that is of course before taxes which at the moment are punitive (especially the 50% "super profit" tax which as worded is effectively the applicable tax rate applied to most mining operations).
Are we assuming the tax credits (which I assume we still have/can still apply?) will substantially reduce our tax burden?