undervalued

Checking the market cap of SIM, and you'll know the recent sell off is a no brainer.

Currently trading at 20.5 cents will give a market cap of under $3.5m.

They have around $3m of cash on hand, and a load of uranium permits waiting to be approved. Management seems very capable with various news on projects being updated to market.

The only thing holding it back, I think, is that none of the permits are approved yet. Once they get the go ahead, the market cap should at least double.

Anyone got any view?