assets and orebodies

the fundamental question is:
how good are Kagara's orebodies?
If they were good they wouldn't be in this position.

Plants are only an asset if you have ore to feed them, otherwise they are scrap or discounted resale value for removal.

Machinery likewise though more easily disposed of.

previous reference has been made to Tony Sage and CFE purchasing Copperco. Remember that the Lady Annie suite of orebodies and plant was fundamentaly a good investment.
I do not see any such value in the Kagara suite of assets.

The whole Mungana excercise has been a debacle of throwing good money after bad. Balcooma / Surveyor has few shining lights. Baal Gammon needs blending to get dilute the nasties.

All their other poetntial orebodies, ie Charters towers and Einasleigh are way off from the field of play and as "pre development" will only attract a percentage of their value as "producers".

Ademiral bay doesn't even bear considering as an orebody

pro bono publico