The head grade may end up higher than 4g/t - e.g. if you add in the ET to existing resources the grade is around of over 4g/t depending on which of the 5.8 to 6.7 g/t you use from the ET.
Tax losses are now close to $300m and will increase quite a lot before mining starts - ie over $400m or tax credits of $120m.
Ann: Singapore Future Facing Commodities Corporate Presentation, page-8
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