why is this stock so undervalued?

Let me know if you think CGV should have a market cap of around $20M?

Below are the coal tenements they have in QLD

EPC 1637 (Galilee Basin) is surrounded by
Linc Energy and Xstrata Coal
EPC 1592 (Bowen Basin) covers the Fort
Cooper coal measures
EPC 1507 (Callide Basin) sits next to
Anglo’s Callide Open Cut Mine and Callide
Power Station and is close to Gladstone
port
EPC 1508 (Clarence-Moreton Basin)
adjoins Ambre Energy’s 400Mt identified
resource (Coal portal May 08) and in
close proximity to Millmerran Power
Station.
EPC 1506 (Clarence-Moreton Basin) in
close proximity to Millmerran Power
Station.
EPC 1612 (Clarence-Moreton Basin) is
surrounded by competing UCG and CBM
companies


$400M+ JV project in China.

Once the IPO happens in HK this will fly