One thing probably needs to be said - in the first year, I presume company tax paid by LTR will be significantly reduced, given the accumulated tax losses one would have when transitioning from an explorer to a producer. The table I did might be best read as what happens after tax losses are fully utilised - and by that time given the forecast demand/supply imbalance one would assume spodumene prices are likely to improve etc etc.
All IMO
Ann: Kathleen Valley Funding Package, page-552
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