Ann: High Grade Results Continuing at Rose of Denmark Gold Mine, page-110

Wrong again. There is very little ground between Woods Point and Fosterville that is NOT held under a mining or exploration licence.
The shaft(s) extend to 800 metres but to access the lower 500 metres requires pumping (where to put the contaminated mine water? , cost of treatment), recovery of the bottom section of the main shaft, recovery of the crosscut out to the underlay shaft, installation of new underground winder, recovery of the underlay shaft, installation of new services, rail etc etc and the list goes on. Well beyond the capabilities of WRM financially.
I think that you and Matt are in the minority when calling the company undervalued - the rest of the market disagrees.