ORE 5.11% $6.13 orocobre limited

Borax will be shutdown

  1. 156 Posts.
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    As the new export tax is calculated on revenue and not net profit, it is a numbers game on best margin. In essence there is very little profit margin on borax compared to lithium. Why sell a product that makes very little profit further soured by an 8% tax which will now lose the company money. Ore in their last financial statement valued the borax asset at $0 therefore apart from loss of jobs (sad and I truly sympathise) it would be wise to mothball this division. The focus would then be on cutting costs for lithium production effectively increasing bottom line net profit which is not subject to the 8% export tax
 
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