Here is a very crude analysis of asset valueLooking at 2011 full...

Here is a very crude analysis of asset value

Looking at 2011 full year report

Mining property valued at $225 million

This includes LL say valued at $100 million

Mux shares are now gone
Hopefully adding $75 million to the mining assets

So assets valued at $200 million

Sale return of 50% is $100 million

Total debt including Admin is now at $60 million
After the Ball Gammon sale

So $40 million is about 5 cents a share

Somewhere after the sale of some assets a stage will
Come where the company is debt free

Admin and the company will then decide weather to wind up the company
Or try to rebuild in which the company would then be handed back
To management

This is just my crude way of looking at the figures

Anyone else want to have a go at values
Would be interested

Imoo