overlooked by the market

Can anyone explain to me why people overlook a bargain like Pek:

Data:

44M shares
Market Cap: 5.7M AUD$

Financials:
2.3 M cash

Recent results:

High grade gold over a strike length of 50 metres at their Jenny Venn with drilling to continue shortly... A JORC compliant resource will be released in the close future as well..
current intersections:
- 3m at 41.99 grams per tonne (g/t) from 36m (MN0044RD);
- 2m at 21.4 g/t Au from 13m (JVRB0010);
- 22m at 5.92 g/t Au from 38m (FRB0132);
- 4m at 22.75 g/t Au from 52m (GVRC0372);
- 7m at 10.60 g/t Au from 36m (GVRC0374);
- 14m at 13.74 g/t Au from 37m (GVRC0376);
- 8m at 6.16 g/t Au from 32m (MN0027R); and
- 4m at 32.64 g/t Au from 52m (MN0028R

At current prices PEK is an absolute no brainer, their projects are currently valued at only 3m AUD$ ...
tremendous upside potential if you ask me. DYOR
Cheers