You didn't ask for my opinion, but they're probably fairly valued - not undervalued - at $3.8M with about $1M in cash.
I've thought the Ophara project was likely to be dud since the first round of drilling results came through and nothing has changed my mind since. I don't really blame the management because at least they burned their money drilling, but I think they need to find a new project and that could take some time.
