Its $540 million in tax losses and with the money they’re making at the moment they’ll use them in the next 2-3 years which is why I’d prefer they not pay dividends and just ploughed the free cash into exploration and strategic bolt on acquisitions. They’ve got quality high grade tenements so the sooner that 3.5 million ounces in measured and indicated is added to the better.
Ann: Significant exploration drilling results at Deflector South, page-31
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