I wouldn't read too much into that...just adding their voice to the lobbying campaign. In reality, I don't believe Minara will be too badly affected because mining nickel ore is just a part of the business. That part will be subject to the new tax. The other part of the business is of course the downstream processing of the ore into nickel briquettes. That won't be subject to the new tax. I haven't a clue how the tax payable on their profit from mining operations will be calculated but I am sure of this...their total annual profit will not be subject to the RSPT, only a portion of it as it relates to the mining of ore.
MRE Price at posting:
66.0¢ Sentiment: LT Buy Disclosure: Held