whats going to happen from here, page-31

If they sold all the assets for 200 mill as you say, that would be less than 50% of book value, which would equate to 25c a share. KZL shares are currently priced at 75% less than book value i.e. 12c. At the end of the day assets are worth what someone is prepared to pay. Lounge Lizard sold for book value and Nickel wasn't/isn't a popular metal. MUX will sell for close to book because most is cash. The rest, well we'll have to see...

Their best assets to keep are in and around Chillagoe. I think the best option would be to sell everything in the Southern, Central and Mt Garnet region, including Herberton and to keep AB, finish the Mungana plant, mine Mungana and get King into production then develop AB.

The majority of VA cases don't go well but there was little if any remaining book value before they went into VA. I believe Kagara has been honest in maintaining realistic assets valuations. We saw that in January when they updated the Northern region exploration and resource inventory. It showed the prior management from years before had provided accurate and realistic estimates and resource valuations. Several large assets last year were also revalued and written down e.g. plants etc..