Ann: 2020 Annual Report, page-19

That's better.
Still, US$60M in reduced tax liability is nothing to sneeze at!

Although, I am confused as to why they would say this, or perhaps what they specifically mean by this:






It seems pretty clear to me that we can expect some serious income from Mt Cat over the next few years...?
Perhaps there is some interim benefit in pleading "uncertainty" in relation to this, and thereby making this statement?

@Dancing
iirc you are an accountant and can perhaps clarify?
Or anyone else!?
Cheers