undervalued???

I know that some other well credentialed posters have previously stated that they run spreadsheets to correlate the value of CSE against SYR. My understanding is that the CSE price usually runs at about 9% of Syrah largely due to the significant parcel of Syrah that CSE hold.

With this being the case, CSE looks to be great value at the moment as 9% of SYR should see CSE trading at 22.5c (or thereabouts). This is without taking into account any of the other legitimate value propositions that CSE hold.

Thoughts?

I hold both stocks, but definitely see the potential to trade between the two based on the share prices of each at various times.