Originally posted in a LVRJ forum.
Gold *above* ground is worth ~$1,100/oz. Gold *below* ground in a proven mine is worth $1,100/oz minus cost of production. The Mother Lode yet to be discovered in Eureka County is worth ZERO. Those early(est?) stages of production are where Gold Mining companies come in, so get off this Communist notion that the miners are "robbing us", or that we're being "plundered" by foreigners. It's not like these companies are excavating entire mountains intact and hauling them down to Argentina!
Showing posts with label Mining. Show all posts
Showing posts with label Mining. Show all posts
Tuesday, February 23, 2010
Bipartisans For BIG Government
Originally posted in a LVRJ Forum
In one sign of bipartisanship, Buckley met privately Monday with Raggio and Sen. Randolph Townsend, R-Reno.
An ultra left wing Democrat agglutinating with two left wing Republicans. That's not bipartisanship. It's trinary asexual reproduction.
Mining is one of the few industries where we have natural, competitive advantages. You'd think maybe *someone* in Carson City could provide a cogent defense of it?! The folks who attack Mining are the ones who scream loudest about "diversifying" our economy. What do they propose to replace it with? Organic lobster fishing?
Do you have any idea what it costs to bring a mine into production? No divining rods here. It's like oil exploration. Satellite imaging, test drilling, geological analysis, etc. Hit or miss.
After you've expended all that money to finally prove a site you have to invest a FORTUNE to extract the mineral. Specialized earth moving equipment, processing machines (refining a whole other issue), trained personnel, OSHA compliance; I think firms often have to build their own MegaWatt power generating stations on-site. It's the middle of nowhere. You can't just plug into a wall outlet.
At anytime the commodity price could COLLAPSE, causing you to abandon your entire investment. The last thing these firms need is the uncertainty caused by Communists who threaten to nationalize their profits -- Castro style -- after they've already invested hundreds of millions of dollars in fixed assets.
I do not own any shares in natural resource companies. I do not work for the industry. I oppose BIG government and the high taxes necessary to pay for it.
In one sign of bipartisanship, Buckley met privately Monday with Raggio and Sen. Randolph Townsend, R-Reno.
An ultra left wing Democrat agglutinating with two left wing Republicans. That's not bipartisanship. It's trinary asexual reproduction.
Mining is one of the few industries where we have natural, competitive advantages. You'd think maybe *someone* in Carson City could provide a cogent defense of it?! The folks who attack Mining are the ones who scream loudest about "diversifying" our economy. What do they propose to replace it with? Organic lobster fishing?
Do you have any idea what it costs to bring a mine into production? No divining rods here. It's like oil exploration. Satellite imaging, test drilling, geological analysis, etc. Hit or miss.
After you've expended all that money to finally prove a site you have to invest a FORTUNE to extract the mineral. Specialized earth moving equipment, processing machines (refining a whole other issue), trained personnel, OSHA compliance; I think firms often have to build their own MegaWatt power generating stations on-site. It's the middle of nowhere. You can't just plug into a wall outlet.
At anytime the commodity price could COLLAPSE, causing you to abandon your entire investment. The last thing these firms need is the uncertainty caused by Communists who threaten to nationalize their profits -- Castro style -- after they've already invested hundreds of millions of dollars in fixed assets.
I do not own any shares in natural resource companies. I do not work for the industry. I oppose BIG government and the high taxes necessary to pay for it.
Wednesday, February 10, 2010
PLAN'ing For Higher Mining Taxes (and Bigger Government)
Originally posted in a LVRJ Forum
These PLAN thugs are *hard* core Socialists. Atavists from the Soviet era. That is why so many prominent state Democrats donate to them.
Democracy is NOT supposed to equal MOB RULE. No new taxes on mining firms. No mucking with their accounting rules. I don't own any shares in natural resource companies. I oppose BIG government and the high taxes necessary to pay for it. For every dollar the government taxes it *spends* $1.10.
I propose a ballot initiative to impose a 10% excise tax on any money donated to PLAN.
The problem in this state (as in the rest of the country) is excessive government spending. If we had small government in this state the biennial budget would only need to be $100M/yr (and probably less). *Existing* mining taxes plus ~3 weeks of sales taxes would cover it.
Tax receipts are currently running ~$2.4B/yr. The crooked politicians should REBATE ~$2.3B of that to us directly instead of redistributing it in the form of vote-buying pork. That works out to ~$1,000 per adult resident.
Feel free to donate your share to PLAN (-10%). I have my eyes on a wide screen TV.
These PLAN thugs are *hard* core Socialists. Atavists from the Soviet era. That is why so many prominent state Democrats donate to them.
Democracy is NOT supposed to equal MOB RULE. No new taxes on mining firms. No mucking with their accounting rules. I don't own any shares in natural resource companies. I oppose BIG government and the high taxes necessary to pay for it. For every dollar the government taxes it *spends* $1.10.
I propose a ballot initiative to impose a 10% excise tax on any money donated to PLAN.
The problem in this state (as in the rest of the country) is excessive government spending. If we had small government in this state the biennial budget would only need to be $100M/yr (and probably less). *Existing* mining taxes plus ~3 weeks of sales taxes would cover it.
Tax receipts are currently running ~$2.4B/yr. The crooked politicians should REBATE ~$2.3B of that to us directly instead of redistributing it in the form of vote-buying pork. That works out to ~$1,000 per adult resident.
Feel free to donate your share to PLAN (-10%). I have my eyes on a wide screen TV.
Friday, February 5, 2010
RINOs Looking Out For Us
Originally posted in a LVRJ Forum
Deputy Chief of Staff Lynn Hettrick said they're working on what they can do
If memory serves, Hettrick was one of those RINO legislators who voted FOR uberRINO Gov Guinn's HUGE tax increase. Hettrick is Raggio's long lost identical twin brother.
No more mining taxes. No mucking around with industry tax rules. I do not own shares in mining companies. I oppose BIG government and the high taxes necessary to fund it. If we had small government in this state, *existing* mining taxes plus ~3 wks of sales taxes would cover the biennial budget.
Deputy Chief of Staff Lynn Hettrick said they're working on what they can do
If memory serves, Hettrick was one of those RINO legislators who voted FOR uberRINO Gov Guinn's HUGE tax increase. Hettrick is Raggio's long lost identical twin brother.
No more mining taxes. No mucking around with industry tax rules. I do not own shares in mining companies. I oppose BIG government and the high taxes necessary to fund it. If we had small government in this state, *existing* mining taxes plus ~3 wks of sales taxes would cover the biennial budget.
Wednesday, January 20, 2010
Raggio Against Mining (For BIG Government)
Originally posted in a LVRJ Forum
[Raggio] said legislators could change the definition of net proceeds and potentially reduce the number of deductions
RINO Raggio has a personal financial stake in BIG government. His law firm does legal work for the state and lobbying work for firms that need its favors. Nothing will bring out campaign bucks and lobbying fees for Raggio from our domestic mining industry like messing with their tax rules.
PLAN favors central planning out of the Soviet era. They oppose free markets. They support COLOSSAL government and wacky environmentalism. That is why so many prominent DEMs in this state donate to them.
We have one-party rule in this state. The left wing Socialists and the right wing Socialists.
[Raggio] said legislators could change the definition of net proceeds and potentially reduce the number of deductions
RINO Raggio has a personal financial stake in BIG government. His law firm does legal work for the state and lobbying work for firms that need its favors. Nothing will bring out campaign bucks and lobbying fees for Raggio from our domestic mining industry like messing with their tax rules.
PLAN favors central planning out of the Soviet era. They oppose free markets. They support COLOSSAL government and wacky environmentalism. That is why so many prominent DEMs in this state donate to them.
We have one-party rule in this state. The left wing Socialists and the right wing Socialists.
Sunday, September 13, 2009
Miners "Not Paying Their Fair Share"
Originally posted in a LVRJ Forum
The problem is *not* that Nevada miners pay too little taxes. It's that Nevada government SPENDS too much money. If we had small government in this state, we could abolish mining taxes,
The problem is *not* that Nevada miners pay too little taxes. It's that Nevada government SPENDS too much money. If we had small government in this state, we could abolish mining taxes,
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