The company has accumulated losses of A$48 mn and paid no tax on its profits in FY24 H1. It remains to be seen whether it can use past losses (most/all from Misima?) to set off against its forthcoming large profits from Mineral Hill. It has very little interest payable, if it can avoid income taxes then pretty much all EBIT will translate into cashflow.
What happened to Misima Project?, page-23
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