Yes HT. The resources are probably worth about 5-10% of their street value. So, I'd say the gold rights and all considered with Mungana is worth about 235-470 million on top of KZLs existing 411 book value (really 150-200 mill), less 100 of debt.
It's a good solution for both companies.
kagara administrators settle qld asset issue, page-6
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