Normal
Definitely must be Chile politics and the potential tax/royalties increase that could not only destroy producers but make explorers unable to get funding. Especially porphyries that take quite a bit of capex to get up and running. I've seen quite a few comments from the likes of BHP saying that if the new legislation goes through mines may become uneconomical.Chile is looking like Communista douche bags that want to eat the goose instead of just taking the eggs. Morons. But, if the new taxes don't go through, this should be re-rated. Take your bets? Goose or eggs?Having lived in Sth America for a few years, I'm afraid they'll go for the goose. So, I'm playing this very carefully.
Definitely must be Chile politics and the potential tax/royalties increase that could not only destroy producers but make explorers unable to get funding. Especially porphyries that take quite a bit of capex to get up and running. I've seen quite a few comments from the likes of BHP saying that if the new legislation goes through mines may become uneconomical.
Chile is looking like Communista douche bags that want to eat the goose instead of just taking the eggs. Morons.
But, if the new taxes don't go through, this should be re-rated. Take your bets? Goose or eggs?
Having lived in Sth America for a few years, I'm afraid they'll go for the goose. So, I'm playing this very carefully.
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