If You Want to Build a Mine, Do It in Quebec
Build your mine in Quebec. At least that is the conclusion of a recent FMC Law report (Mining Royalties in Quebec: Overview of an Analytical Framework", Focus on Mining, August 2012).
The conclusion of the analysis is that the current mining royalty regime based exclusively on profits is optimal for the Quebec economy in that it allows government to capture a large part of the economic rent when prices are high without burdening mining operations with added fixed costs throughout the mining cycles.
One of the many things to consider while doing your due dilligence on a mining company is location (location, and location).