I don’t want to get your hopes up, but I’m hearing it is going to be redrafted as it’s difficult to currently implement (some things just don’t make sense / impossible to measure or enforce), that changes will be made to increase revenues but not sure what they will look like or how it will be implemented.
I’m personally calibrating my expectation to tax impact as currently being circulated and hope for some more sensible parameters in implementation / enforcement.
Note this is just mining code not gecamines issues - we have zero exposure to gecamines, zero - and that makes our asset worth more in current climate as many of the other good deposits have a JV with gecamines, not us. I can’t highlight the importance of this enough.
NZC Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held