WDR western desert resources limited

Current mc is 233m. Is this overvalued or undervalued assuming...

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    Current mc is 233m. Is this overvalued or undervalued assuming c1 costs are 65pt and they ship 900-1m tons by end of June ?
    I think 80c was overvalued and was based on managements stories, and current price is fair with lots of recent bad news - rain, cr, barge, hedging.
 
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