Welcome. Quick answer is yes it is very cheap IMHO. Sandfire is not stupid consider they paid 1.2c for their shares. I know and have assessed this company thoroughly. Further, they might spend $20m for 51% of red mountain project. This will easily add massive amount of resource to current 1.1mt of zinc equivalent.
Have chat with Matt. There is no point sitting there and don't talk to directors.
WRM Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held