By my calcs it is severely underdone.
The stench of the GGX cloud still looms and IMO is why the share price is languishing (the risk of future 'co-operation' could dilute or destroy value). If OIP can convince the market that saga is behind us then it's a buy for sure, even if only for its 20% CSG interests!
What about a tie up with ROG? That would make sense to me.
JT