Hi RR2Great respect to you, but before people get too excited,...

Hi RR2
Great respect to you, but before people get too excited, the congratulations should be going to the auditors who allowed STX to book a non-cash tax benefit of $18M.

The pre-tax loss was $7.4M and that is a better guide as to how STX performed during the past 6 months.

And of course, in the next 6 months those same auditors are likely to insist that STX has to record a very large write down of its SE assets. Have a look at note 13 and you will see that STX spent $52M on exploration during the past 6 months and I expect most or all that was on SE and will probably have to be written off for the June year end.