interesting valuation, page-6

Nice work anilara1
Don't forget they have burned another month of cash, probably $80K~$100K, since the end of Sept. Not significant in the calculations though, or to your main point being the huge difference between NAV and share price.

Where did you get the cost base of $300K in the annual report? I can't see it, and in my own spreadsheet have a cost base of $2,100,000 that I got from somewhere... Either an announcement or someone elses work, can't be bother searching through old announcements right now.

Hope you broker is right and the SYR shares are sold in a block (At a premium!). My worst case fear is that they will be used to purchase high risk exploration plays. Tom Eadie should have enough skin in the game to not doing anything that would devalue the CSE position though. He certainly knows the Tanzanian mineral sands prospects well, so that is a positive.

Fingers crossed. Would ove to know who the seller of half a million shares at 18 cents is and what they think of the valuation.