CWK is shaping up nicely with 4 good projects that have...

CWK is shaping up nicely with 4 good projects that have "potential" to be woth a lot.

Right now they are not worth 200M, its too early and there are too many uncertainties.

Right now imo
Oaklands = $281M in total over 5 years - currently unfeasable, but if they upgrade it to 822MT definitely feasable. I value it at around $28M

Vickery Sout is too early to give any value yet.

Hodgson no value yet, but soon to be valued.

Ferndale at best so far = $140M total profit over 5 years, currently unfeasable and uncertain. I value it at around $14M

Thus total value for CWK imo = approx macap of $42M. However having said that it has med term big upside especially at Oaklands.

So imo definitely no where near the most undervalued stock, but certainly one worth keeping a very close eye on, with big upside potential.