It is way undervalued, however that does not indicate the market knows something we don't. There are MANY PM stocks that are undervalued. So we are in good company. Just starting to move beyond a grossly manipulated gold market. As we start to move out of a bear and into a bull gold market more and more PM stocks will begin to approach fair value. Just starting. Key is to fine those best positioned to rocket. Fiore is one of the best IMO.