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DaveinHackensack

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DaveinHackensack

Re: MikeDDKing post# 5726

Friday, 07/02/2010 4:09:48 PM

Friday, July 02, 2010 4:09:48 PM

Post# of 7895
The hurdle rate basically doubled though. Instead of miners facing a 40% tax on excess profits above a 6% hurdle, they will face a 30% tax on excess profits above a hurdle rate of the Australian 10 year government bond yield + 7% (equal to about 12% at the moment). Good news for the miners, though this may be tempered by a deceleration in Chinese economic growth.
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