GWR 0.00% 8.7¢ gwr group limited

GWR has three assets: 1. Au Projects with JORC R&R = 240kozs 2....

  1. 757 Posts.
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    GWR has three assets:
    1. Au Projects with JORC R&R = 240kozs
    2. WO3 project with no JORC R&R
    3. Investment in TGN = A$35m
    GWR's current MC = A$81m so I am curious to know how GWR can be described as "massively undervalued" Simplistically its value is:
    1. Au; 240kozs x A$50/ox = A$12m
    2. WO3 project: Say A$10m (Will be higher once JORC R&R declared)
    3. TGN : A$35m
    4. Total = 12 + 10 + 35 = A$57m OR A$0.23
    GWR's current SP = A$0.32 versus a simplistic value = A$0.23 so "massively undervalued" I think not.
    Please DYOR
 
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