You should check out www.ato.gov.au and search for CGT.To answer...

You should check out www.ato.gov.au and search for CGT.

To answer the question yes you take off you C/F capital losses etc before applying the discount.

For what it's worth FDL AKA FMS may bounce about a bit but with drilling soon the bounce should be good given the reaction to the rock chip samples:)

IOM DYOR