Cheap enough?, page-4

Agree Blister but not quite as bad as you think. Yes 16% equity and yes a numbing 6% royalty. But on the up side the government only take greater equity in offset against tax concessions granted.

Bad news is that the good president has shown that he is happy to change the rules whenever the whim takes him. I think the good Tanzanian President would call that a "managed industry" in the same way that Vlad the Russian president refers to his "managed democracy".