kagara administrators settle qld asset issue, page-3

Yes and no. MUX would have never been able to generate or raise enough cash to develop Red Dome or contribute to Mungana. The whole thing was a disaster, which eliminated 500 million in investor equity and exposed both companies to capital foregoings.

This development changes the game a lot. I believe KZL are looking to sell the farm and keep what MUX had in NQ. Maybe with some luck we keep King and sell the rest.

I'm a bit skeptical of the admins claims of strong interest but..

...If Kagara owed 100 mill say and could sell the rest of their asset base for 150-200 mill, then they would be left with 100 mill of cash plus the NQ MUX assets. Even half of that would be extraodinary and revalue the script at 30c a share without a need to raise further capital. That said, there is now way we won't get off without a hit. I'd expect shareholders to accept 2 for 1 in a new IPO. Minimum.

So revalueing your stock at about 0.15c sounds right from the present 0.05c. I'm very happy with this...

I believe the MUX gold rights could as much as 200 million onto KZLs asset base, given the street value is worth a figure I can't even type here.