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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (220180)8/25/2012 12:20:34 AM
From: Claude Cormier4 Recommendations  Read Replies (5) | Respond to of 313620
 
Here is what is coming in Quebec.

The election is September 4th and the Parti Quebecois is in the lead. Their new mining policy is to pick up a 5% royalty on sales from all miners, plus a 30% windfall tax on profits after they exceed a certain threshold. That is against the current regime of 16% royalty on net profits.

This policy may not be a show stopper but it will still have a impact on the bottom line.


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