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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Metacomet who wrote (13494)	6/15/2006 5:00:26 PM
From: E. Charters	Read Replies (2) of 78419

Friedlander says it won't apply to his deposit which would smelt in the country. What I think they are talking about with their 68% surcharge tax over 1 dollar copper, is deposits that ship to China to smelt. If the Mongolians got their Schist together, and stopped being NDP, they would see that a 25% tax rate and infrastructure will get them a lot further ahead than this smash and grab attitude to capital markets. Besides if they get paid in yen from the smelter tax it boost the economy for free, as the yen becomes valuable foreign exchange. It will be 15 year before anyone comes back to Mongolia if they implement this draconian plan. In the meantime they will have eaten enough Yak Dung to have learned their lesson. One might have to wait for a regime change to see a turn around. Children often bite mommies hand. Bu we are not mommies. Baby may starve. My bet is this is this action of Chinese spoilers who want to come in and grab land and wait for bribes to turn around the deal. Peru has an 18% corporate tax rate. Trouble with Peru is where are they going to be reg wise in 4 years. Who knows? eC<:-}

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