Or @AllieRenison ?
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Nope me neither Paddy! I think the point is 0 profit in early years looks OK. Gets more
as mine gets older. But then commodity price volatility etc can push back into losses. And '0 tax bill' may not mean losses but result of carried interest as w Oyu Tolgoi
If you ask what is the prevalence of profit shifting, or at least overgenerous transfer pricing in a country that hasn't had the capacity to audit, I'd guess its very high - but it doesn't relate to yr 'zero profit years' test.
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So I don’t thinks it’s totally the wrong question but you need to know specifics - commodity, surface or underground etc - then you can look at cost profile of similar mines to see what’s reasonable.
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Agreed. So let's imagine God has the answer and is about to hand you the envelope. What answer would surprise you?
End of conversation
New conversation -
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