Ann: Expected Impairment of Carrying Value of Karara, page-24

Ansteel own 38% of GBG. If they want to continue at KML they want to either buyout the remainder of GBG or buyout the remainder of KML. Either way. I'd say minimum price is cash at hand +10mil. This means anything below $0.02 should provide a good return in time. Current prices are expecting a higher price. Probably not a unrealistic expectation. If they pay $100mil for GBG that is only $40m out of pocket given GBG's cash on hand and their existing ownership levels.

It'll make life a lot easier for them to own the whole farm (if they intend to keep KML alive).