How much do we trust the governments? Some more than others but I think all will take a bigger piece of the pie when the miners start doing really well. Maybe the whole pie will be taken eventually?
ipso, absolutely.
Sovereign risk has always been important for me. But the way the lunatics are running the asylum it’s difficult to find a risk free jurisdiction. Queensland, for example, has imposed a 40% royalty up to on coal revenues. While it’s only 2.5% max on gold at the moment, who knows where the future will go if the precious takes off?