Thank you very much Dwuuuu. I was hopeing for nothing more then...

Thank you very much Dwuuuu. I was hopeing for nothing more then to be corrected on my last post :D. (also sincerest apologies for posting numerous times, Im not sure what happened, my galaxy tab was in a world of its own it would appear) I also apologise for my ignorance, I am only young and rather wet behind the ears to all this. But i am eager to learn and value all that share there advise and wisdom.

uhh dwuuuu in your calculation you have 114 * 38% (tax) = 43.32 then you have the minus 30 deductions.

Wouldnt they only recieve a deduction on the tax paid on that 30 m. so wouldnt it be

Taxable income = 114 - 30 = 84
Tax payable = 84 * 38% = 31.92
After tax profit = 114 - 31.92 = 82.08
per share = 31.4 cents (assumeing 261375000 shares)

Or is there special considerations for mineing exploration expenditure in the tax laws.. or am I mistaken in thinking that deductions just minimalise your taxable income and are actually deducted from your tax payable?

I know you probably have better things to do then teach me maths but I do sincerly appreciate your help and input.