With SBS's market cap at $36m the gold assets are roughly valued...

With SBS's market cap at $36m the gold assets are roughly valued at $3m.

Last report SBS had $5m in cash and don't forget the 7.6m shares in Canadian listed Sunridge it holds. At last night's close, SBS's shares in Sunridge are worth $AUD28m.

All this adds up to $33m in liqud assets, valuing all of SBS's gold tenements and exploration to date at $3m.

Seems better value than most gold specs wannabees.

Sunridge is in a nice uptrend as well.

Market will wake up at some time I guess.