Undervalued - once license is granted (recent presentation by the company states this is almost certain) it should hit the 8p-12p range. Production starting Q2 2016 should then see price around the 30p mark. Not risk free however so due diligence is required as with all shares, especially AIM!
Very cheap at the moment. As soon as mining licence for Tjate comes price should rocket which is imminent. Surface projects which should come online early next year will push up earnings by significant multiples.