Yes, the share price should be closer to 50c to 60c rather than...

Yes, the share price should be closer to 50c to 60c rather than 25c to 30c.
The current PE is around 2.5, so there is little downside risk. The upside definitely out weights the downside, but it always depends on the buyers and sellers in the market.
The management have been disappointing, they have little entrepreneurial talent, the best they can come up with is unit development during a major downturn after a huge surge in prices.
Many forget that GRR was once a $3 share before the GFC, and capital was raised at 25c /share in 2009

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"The stock peaked at almost $3 in July 2008 when he was worth more than ..... than 1% of the equity held through the Goldman Sach's Australian equity .... bottomed at 25c in December 2008 and was back above $2 in early 2012. ... Anthony Bohnenn: was chairman of Perth-based Grange Resources,"