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Just thinking on an IRR / payback period basis. So low margin, let's say 10 year pay back. Losing nearly half your money to tax blows out payback to 20 years nearly so IRR dies off and capex spend is not justifies no lower margin projects. These projects can put on hold, industrial cos suffer?

Depends on the commodity. For something like iron ore where you're selling at say $140/t and have cash costs sub $40/t, you still make lots of money regardless. But there're some lower margin projects and these will be squeezed.

Yea looks like more red this morning following some ordinary performances overnight... otherwise a flat performance overall

This mining tax is outrageous. My mining stocks have crashed like crazy. I can't believe this. Watching my Atlas fall like mad. And am guessing the NCM/Lihir deal won't go through too given how horrible my NCM has now performed.

a) Make sure no more policies are tailored at giving everyone (including dead people and people who've since left the country) $900, because $900 x 22 million = $19.8 billion which is approx 2% of our GDP b) No more useless money spent on silly insulation programs and what not. Please fix up...