McEwen Mining Inc (MUX)

[gharma]

So that new Sta Cru tax on resources must be just that, on resources, i.e. not on production from the resources. That is the only way I can figure a 1% annual tax costing 8% over the life of a 15 year mine (assuming constant reate of depletion).
So, if MUX continues to increase the NI compliant resource at Los Azules and keeps it on the books, that umpteen billion pounds of copper will cost it umpteen 10s of millions of pounds of copper per year for the new tax.
Oh Argentina, Argentina, have you lost your way ?