Koan and Ralph Emerson's Far Right and Far Left Whacked Out Message Board

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Politics : Koan and Ralph Emerson's Far Right and Far Left Whacked Out

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To: marcos who wrote (96)	8/5/2008 4:28:36 PM
From: E. Charters	of 103

Trade yah indeed. They had better be pretty pretty. How about paper that says you own the NSR of a placer mine in Guyuana? Ecuador? I believe that 6% royalty that seems to be so innocuous to ralph-ralph. (He had an attack when I mentioned it is not) is really not that great. You can multiply a royalty by from 3 to 7 times to calculate its effect on net profit. At $700 an ounce all-up costs, (Newmont average) and 50% taxation, it is pretty close to 5 times. The total tax in this case is 77% of raw profit. Not goodie, good, good, good. EC<:-}

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