undervalued - opinions?

Anyone have any opinions re western metals stock valuation.

According to one analyst (source: ferret etrade);

"But our friendly analyst reckons the market has not fully appreciated the significance of the deal and reckons WestMetals is worth 20c minimum, and 40c possible.

The company says the imminent contract will ensure solid earnings and an "excellent" foundation for the next three years, adding significantly to existing profitable contracts and product lines.

Successful outcomes from current discussions with project managers of a number of up-coming projects, will further enhance earnings."

Re Petcom56