Thought it was worth opening this topic in light of the court case in Brisbane investigating the economics behind Adanis quest for a huge new coal mine.
Simple story is that Adanis business case for the coal mine projected $22b income (royalaties and taxes) for Queensland/Commonwealth government and 10,000 jobs. Very remarkable and encouraging..
When Adanai's CFO took the stand it became clear that in fact there might be $7.8b in royalities and taxes and perhaps 1482 jobs...
And then when they examined things like the real price of coal, interest costs on debt, rail costs and so on these figures evaporated.
There was nothing complex in these calculations. Every single person on this Forum would understand the figures.
The question is " What do we do about businesss that make up totally fictitious accounts to justify developments that will have serious consequences for the rest of us "