I did a rough valuation on their second DSO JORC resource at Hawkes Nest this morning and it comes in north of $2.00 using a discount rate of 10% and commencement of production in 2014/15. Add to that the discounted valuation by a couple of brokers for Peculiar Knob of $1.90 and I can clearly see multiple upside from current levels.
serriously undervalued
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