Ann: Sale of USF Shares, page-3

NTA after recent movements is $1.21 per share. If assets to be disposed off - even with buyer with good interest/synergy 10% discounting is not out of way - so for shareholder perspective I count only $1.09 (=1.21*0.9) as potential. If USD/AUD is to move to 0.87 (which is very much likely), the NTA will get adjusted (FOREX effect) to $0.89 per share

Not bad buy but not a huge reward potential - given their reporting and handling of situation so far - risk of downside remains. SP 70c target IMHO