HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Rumors -Ont Mining Tax

Rumors -Ont Mining Tax

posted on Dec 22, 2008 04:21AM

Hoping this is NOT true. Heard on the weekend that aside from ending $1 beer, Ontario Finance is pressing for higher resource and land use taxes, this time under guise of 'higher minimums' . Higher resource taxes have always been Ontario's 'programmed response' to declining revenue , but I somehow cannot think this would not happen in the current scenario. Apparently,the bureaucrats are being really pressed. Has anyone seen any pronouncements on this ?

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