Why is Medusa Mining so undervalued?

Hi all,

It seems to me that Medusa is highly undervalued, it catches my eye with a P/E of around 3 and a really solid balance sheet. How come it is so undervalued? Am I missing something here?

Geopolitical risk? Mine life? What is scaring investors here? Is the fear warranted?

I like to ask these kinds of questions when dealing with really undervalued stocks, in case it's cheap for a reason, right now I can't see anything that makes the company this cheap.

Thanks,
Eric