$1.52 cash backing plus coal and port assets

$1.52 cash backing plus coal and port assets

WPG has 247.8m shares and 11m options. A total of 259m on issue fully diluted. It has 66m cash left at the end of June qtr. Let's assume that they have 50m left by now. So, 50m + 346m equal 396m in cash.

396m cash divided by 259m shares which equal to $152 cash backing.

They will keep their coal asset and port asset.