If the wharf is were not approved, then looking at KPT on a...

If the wharf is were not approved, then looking at KPT on a liquidation value gives the following guess:

Cash and insurance receivable $40 million, land at say $1,500 per hectare $30 million (KPT says land worth around $3,000 per hectare), remaining live trees say $3 million, burnt trees at nil as owned by insurer, wharf asset at nil and a tax liability of $8 million. Gives a total of $65 million divided by 56 million shares gives $1.16 per share before liquidators costs.