Hedging Iron Ore, page-23

Sorry, 1 last point i forgot about the accumulated losses, they need to relate to the iron ridge project, if these losses arent all from iron ridge then that pertion needs to be taken out and written off.

Example De Grussa mining project (gold) under Fex/Emergent resources - these losses need to be taken out and written off as the project no longer stands.
In short we will not get 100% of the accumulated losses to claim against taxable earnings.

only the losses that relate to iron ridge relate to be claimed, this is what Rob was talking about when they had to investigate the best way to maximize dividends to Shareholders for Tax franking purposes.
As Rob says it doesn't affect the company so much but share holders, i hope i explained this right and you can all follow.

Have a good day all.

Rooks