kojak, you say accumulated losses are $100 mil and @30% tax rate...

kojak, you say accumulated losses are $100 mil and @30% tax rate it is worth A$30 m.
The way I read the financials is at the end of 2020 the accumulated losses were $412 m and @ 30% tax rate would be worth A$123.6 m being approx 16 cents per share…….and even more now after 2021 losses have been added.
I’m not an accountant but doesn’t this mean the value per share for a company with plans to takeover TRY is a tax credit of 16 cents plus per share of TRY?
…..then add on plant, tenement and asset value?