most undervalued stock on asx, page-11

I think there isn't much interest in this one due to the poor communication to shareholders. I must say the numbers look pretty promising.

Judging from the last half-yearly (back in Sept/Oct)- the average sale price of copper was roughly 8400/tonne. Assuming that they can sell the same 60000 tonnes they made last year (but looks like they've actually made some operational improvements), you get revenue close to 600 million for the year. The cost of sales last half year were something like 195 million, with another 25 million capex. Add a 10% inflation and you get 480 million for the year total operating costs. That equates to profit before tax of 120 million. You could essentially buy this company for its current price and it would pay you back in 3 years.

Alternatively, the NTA backing is 1.61, so it actually trading below its asset backing.

Whichever way you look at this, it is highly undervalued.