AURYN Mining Corp. (AUMC)

[luckylong]

From MP2007
Re: Main Shareholder Discussion Thread
« Reply #2267 on: Today at 08:33:53 PM »

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Historically, because large foreign mining companies have not been paying taxes in Chile, my guess is that up until TAXES became an issue in the past week or two, the offers being considered by Medinah were submitted by non-Chilean companies. Otherwise, the big dirty TAX word would never have surfaced.

All of a sudden, Medinah, out of courtesy to the country of Chile (one wants to be a polite guest to the host country) looks at a final contender that turns out to be a BIG Chilean company (or group). However, the Chilean company submits such a great offer that Medinah takes a second look and finds tax issues that the other non-Chilean offers did not have the need to worry about.

If Medinah wants to take the Chilean offer (which could potentially be the best one on the table after all), they must study up and make sure that all their tax ducks are in a row should they decide to work with their HOST country with respect to abiding and fulfilling their tax obligations without risking what could be the biggest mining deal of the century.