It is included when they are making more than 50 mil from the project... It is Ore.
Does not mean a big deal at this stage IMO. Yet I do hope Andrew Forest and others force the government to FOLD on this tax. As Forest sounds like he is going to play hard ball now stating that 1000s of jobs will be lost.
ST Pain for miners for LT Gain IMO.
If the government is forced to scrap the tax before the election due to Aussies losing their jobs. Then that is the ONLY way I think people will understand what this tax will do to up and coming companies.
The soverign risk in Ore projects in Aussie has increased dramatically- IMO. Scrap the tax- let the ambitious companies and people stay ambitious OR many Aussies will lose their jobs.
TRF Price at posting:
54.0¢ Sentiment: Hold Disclosure: Held