Mentalist123, page-14

1 employee entitlements (garanteed and directors personally liable)
=1 . receiver and admin costs
2 collins st $5.1m (although could challenge validity given state of company at time)
= 2 . Lorena owners over the Lorena plant and assets $4m (could be more valid then Collin at as been secured longer then six months)
3 . any other fixed securities. such as equipment finance (guess , could be 1-2m ??)
4 . trade creditors, ato etc ( at the spend rate could be easy $3-4 m)
= 4 govt bond , rehab liabilities ?
5. then wind back any preferential payments etc

surplus to shareholders . given above is $15-20m , cant see the assets pulling anything like that. mining leases going rate is $20-30 per ounce in ground. (note st barb just sold for about $50 ounce ) and there are a couple of similar cil plants around for sale at $1-3m .
the market cap of company prior has no relevance as based on the company being going concern, producing etc ..

and yes this will take 2-5 years to sort through.