With respect and not wishing to be pusillanimous.The point that...

With respect and not wishing to be pusillanimous.

The point that you seem to have missed is that the applicable rate may be 30 % but that is not what the ATO will receive. That was the erroneous inference from the post by abs I commented upon.

The deductions, as for all exploration and mineral processing companies, are, and will continue to be, significant and future expenses will increase those tax deductions as indicated. Have a look at BHP and RIO's effective tax rate. Not quite google but not what workers pay.

I agree paying income tax is good as it proves profitability but I don't think we will be paying anywhere near the company 30% tax on the income received. More likely to be a bit more than dividend rate if majors are the guide.