left over after the sale, page-4

The broker report is well worth a read, especially the info on the coal assets.

http://www.westernplainsresources.com.au/Announcements/BrokerReports-Latest/2011-09-19%20Veritas%20Research%20Report%2019%20September%202011.pdf


"The cash payment ($1.05/sh), franking credit ($0.27/sh) plus our WPG rump valuation ($0.15/sh) provides for a combined value of $1.47 per share. This combined valuation is within our net asset value range of $1.32 (3.3mtpa) to $1.90 (5.0mtpa) per share."

So they value the leftover assets at 15 cents per share.