buyers circling, page-2

MON owes $21.5 million to TTY/IRL. There has been no disclosure on how much they owe contractors and other trade creditors. There has been no disclosure of actually how much cash they still have.

I presume Mt Ida is worth reasonable money to the right party (ie someone how could treat the ore) - say $15 million. Lets say Minjar could be sold for $8 million cash - Davyhurst $5 million (just a wild guess). Lets say $30 million in total, and assume this is enought to pay out all creditors, leaving a few million left over.

MON currently has 200 million shares on issue.

Assuming the above is reasonably accurate (and it may not be), you do the maths on the likely value of MON shares. Happy to be corrected of course.

angus