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Ann: Exploration Update - Dalgaranga Gold Project, page-57

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    lightbulb Created with Sketch. 2078
    Just had a look at the 2023 annual reports. tax losses are about 250m with the tax benefit being $75m.

    The other interesting item I found was the book value of the plant etc is no where near the cost base of about $370m I it is only $33m as they have either written of the rest or amortised the rest.

    When it comes to the ASIC calculation the charge will be quite low. if it costs them around $50m to restart production then over a 10 year mine life they only need to charge about $8m pa in amortisation. On production of 150m Oz it is only $53 pa Oz - this is another reason the ASIC will be low. If the start up costs are $100m the amortisation is $87/ Oz.

    Much lower figure than having to amortising $350m which would be $230 /Oz over 10 years.
 
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