GRR 0.00% 24.5¢ grange resources limited.

Undervalued? Thats the statement of the year, with a NPAT of $67...

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    Undervalued? Thats the statement of the year, with a NPAT of $67 million for the half year and a net asset backing of 38 c/share.
    A P/E of 1.5? Is my calculator wrong? Surely GRR with this sort of profitability should have a market cap of $1 billion of more ie $1/share.
 
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