CUE Tax Position

Hoping someone in the forum has a better understanding of this.

The profit and loss in CUE's half yearly report shows in the income tax line $789k vs $3.555m last year.

The reduction in tax increases CUE's profit for the half by about 25%. (reduced $2.7m vs 2020)

Reading the notes the reason for the reduction in tax is the "realization of previously unrecognised carried forward tax losses".

CUE has over $30m in unrecognised tax losses.

Does that mean that as long as CUE remains profitable moving forward it will be able to minimize tax payable by offsetting it against these losses?

Based on current production CUE will be making a profit. (unless they bury their profit in exploration)

Will that profit be increased through a reduced tax burden?