URL 0.00% 13.5¢ universal resources limited

undervalued, page-11

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    I don't think Roseby was ever likely to make a super profit. In fact Roseby could even be helped by this tax because they'd get most of their royalties refunded, and this was a huge but marginal deposit.

    So instead of paying large amounts of tax on large tonnage of ore, they could pay a smaller amount of tax on a small profit.
 
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Currently unlisted public company.

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