SBS sub-sahara resources nl
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With SBS's market cap at $36m the gold assets are roughly valued...

  1. esmeralda
    190 Posts.
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    24/11/06
    13:03
    Post #: 1952790
    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.

    SBS Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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