srk the biggest winner from new tax, page-10

At present it is just potential. We need the resources to be firmed up before anyone comes knocking again i believe.

The JV is messy & we don't have the resource until it is confirmed.

The 3 majots talked about abviously weren't interested but other potentially will be.

But SRK doesn't have the money to do it alone. So will have to sell equity or project at some time & our partners also want a share of anything like that.


SRK is still a fair way off producing true value to be considered cheap IMO

1. Confirm the resource base
2. Move to majority owner of JV

Then the project becomes more attractive & easier to on sell.

GFC took steam out of the IO market that may take a while to get back.

As for mining tax - It wont get through but the damage is done already. But an Australain IO business with higher taxes is still more attractive than Peru IMO