WHE is certainly not overvalued in relation to its peers (who are RWD & AMN but not GPH, since the GPH project area is probably too small to have the massive amounts of water required for a SOP project)
while i hold AMN, what WHE appear to have superior to RWD and AMN is existing roads & rail. WHE is closer to an established proper road network. RWD is 450km from port, with 355km of unsealed road, including heaps of 'track' requiring upgrading. AMN probably has better nearby unsealed roads than RWD but is a long long journey to port via road & rail.
the RWD market cap is $87M
the AMN market cap is $24M
the WHE market cap is $18M
WHE is not overvalued at all
in fact, it is undervalued
it is a very good looking project, otherwise i would not be invested in it
plus WHE has proven Ian Middlemass management
i bought GPH at open but after learning about how crucial water is, i sold
GPH must find a massive source of water
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