Ann: June 2023 Quarterly Report, page-31

It wont be 40c FF for the interim though. The interim has always been less. So, it wont be 13.5% annualised.
$1.4b forward revenue (assuming the coal price doesn't dip lower than $130USD). Then you have to minus costs, and capex, etc etc. Then you minus 30% tax. I don't know exactly what figure you'll end up with as NPAT but my guess is around less than $800m. 800m SOI = EPS of $1 per share. That puts WHC on a PE or about 7 (which is quite high compared to the last few years).

$800m of its cash balance of $2.65b is set aside for the FY23 tax bill, so cash balance is essentially $1.85b (quite a health cash balance, no denying there).

I just think unless the coal price goes back up above $200+USD, this company is fairly valued, maybe a little over valued. You have to also consider the ESG take on the coal stocks (whether you like it or not). They are not well liked companies.

I'm currently holding producing lithium stocks, which have done quite well in the short term I've held them and, unlike coal stocks, have a very positive ESG moving forward into the future.