What would AMU be worth if it was sold via a trade sale ??and...

What would AMU be worth if it was sold via a trade sale ??
and the capital returned to shareholders

Hartleys most recent research (march 09) has a value per share of 93c for the company
This value is ofcourse ascribed at a time when the underlying commodity prices are in the doldrums

One would expect some premium for a collection of long life assets such as these and something for the exploration portfolio upside also

my guess is minimum $1 per share in current environment based on a quick sale and higher if sale conducted in better times (perhaps north of $1.50 ps)
current sp = 26.5c

anythoughts ??