The reason I was thinking it was that companies like AOE are likely to have very good margins, whereas for some of the more marginal base metal or Cooper basin oil (after capex is considered) are likely to be better off under a RRT than a royalty.
The argument you put against it are exactly the reasons that it is in the public good. As a non Australian shareholder I however prefer the status quo.
I am surprised there has not been more discussion on hot copper. So many mining and energy stocks could be devalued 10+ % by it, if it happened.
EL
AOE Price at posting:
$3.93 Sentiment: LT Buy Disclosure: Held
