Hi Guys, if you look at Note 12 on page 40 of the CSE AR you will see there is a $300k cost base in 2012 for 'Additions'. There is also an 'Initial Gain on Recognition' of $1,710,000'. Now I am not sure if the cost base is $300k or $2,010k, however I took the $300k as being the conservative number.
Cheers
interesting valuation, page-9
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