Ann: Research Report by Independent Investment Research, page-17

I don't know if that's a fair statement. The valuation and review of the OPFS, whilst commissioned by the company, is a review by a consultancy undertaking its own assessment of the information provided by the company, in reports, etc. There is little difference to an audit of financial reports that all public companies undertake, which are commissioned by each company, yet we read these reports as fact. This report at least provides some form of validation of the OPFS and one that I am fairly grateful for.

I don't believe that the report highlights anything particularly new to me, but does provide further confidence in my own assessment - SYA should be valued at around the 10c mark at least based on its OPFS and at this stage of the company's growth. It's undervalued and needs further catalysts to get the SP going. This type of announcement only helps at this time of the year especially.