Well there's a good reason why DRC cobalt plays are priced much lower than other projects in Aust. and Canada and these tax changes are a perfect example. Tin pot country and all that.
Luckily I only purchased a medium parcel and still happy to hold.
The super profits tax looks like an absolute debacle. Could two different companies making the same profit pay different tax rates depending on what cobalt price they put in the BFS?
NZC Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held