Alpha Natural Resources, Inc.(fka ANRZQ)

[MattySR]

Assets won't be that high since coal is impacted heavily and Alpha is in BK. HOWEVER, they have a great amount of Current Assets that are valued at 95-100% of the balance sheet value. approx 1.7 billion current assets. Its incredible how few BK companies enter BK with such a high amount of Current AND liquid assets compared to its Debt that Alpha currently enjoys...

The bulk of ANR's Assets are its Owned and leased mineral rights and land, which might not fetch for the 6.6 billion the 10-Q values it at in a final POR.

However if ANR shareholders walk away with a measly 220 Mil equity in a POR instead of the 2.6 billion in shareholders Equity per the most recent 10-q, that is still a price of $1 per share. IMO 1$ per share is the low end, and 11$ per share is the high end.

Still early to tell but a coal improvement in the next year can see that high end be more likely, and if things stay stagnant then the lower end is more likely....

Essentially low end would mean Assets = Liabilities roughly, and high end = Assets > Liabilities by 2.6 bil