It would be interesting to hear the various opinions about the stock's true value at this juncture. My current calculation would be 2013: (1 x .50) + 2014 (4 x .45 = 1.80) + 2015 (2 x .405 = .83) = $3.11 .... assuming a 10% output reduction per year and 7 more distributions.
Yes, some month ago I posted that WHX would be a descent trade at the $3.0 price. There is not much down side at that price. The value of the production is worth that +- $3.00 value. After xdate WHX will dip in the high twos, but by the next xdate will recover. This will hold true for the next 4 distributions give or take $1.