factor in gba's shares in advent energy ?

Seems whilst the market is rushing into & pushing up share price of PEP11 player's stocks MMR, MMRO, BPH & BUY ... I have not yet figured out why GBA remains the "ugly duckling" & when it will blossom.

How many shares in GBA - 28,193,508
how many options in GBA - 4,100,000 (unlisted)

What investments does GBA have :-)
a) ASX listed (using closing prices 21 July 2010)
9,747,362 MMR shares $0.635/share = $6,189,574
7,310,522 MMRO options $0.45/share = $3,289,734
6,778,200 BPH shares $0.11/share = $745,602
Subtotal these = $10,224,910
b)unlisted
9,500,000 Advent Energy shares
6,778,200 Molecular Discovery Systems (potential ASX IPO @ perhaps 20c per share)

GBA closing price on 21 July 2010 of $0.35 x 28,193,508 shares = $9,867,728
less than the part (a) above

Just wondering when the market will factor into the GBA share price GBAs 9,500,000 shares in Advent Energy ?
As per GBA ASX announcement 5 July 2010 6.37pm GBA holds 8.75% of Advent Energy.

Is this GBA wickedly undervalued OR what ?

DYOR