u n d e r v a l u e d

SBS appears to be undervalued at current prices after quickly flicking through some recent information.

According to a recent broker report SBS has equity holdings in two TSX.V listed companies, Sunridge Gold Corp and Currie Rose Resources Inc. If up to date,they are valued as below;

Current exchange rate is 1.00 CAD = 1.15570 AUD

Sunridge Gold Corp (SGC.V): SBS hold 7.6 million
shares. Current price is $1.80 CAD or $2.08 AUD.
This equates to an equity stake of $15.808 million AUD.

Currie Rose Resources Inc (CUI.V): SBS hold 6 millionshares. Current price is $0.36 CAD or $0.415 AUD.This equates to an equity stake of $2.49 million AUD.

*This is a total equity interest of $18.298 million AUD.

*SBS has $4.4 million in cash as per today’s report.

*SBS has a current market cap of $40 million.

*SBS has a JORC compliant resource containing 760,000 oz of gold with the ability to increase their holdings of gold with an interest in the (resource estimate) 4.45 million oz Tusker gold deposit.

*SBS has had some excellent recent drill results.

*Anvil mining hold 18% of SBS.

So if we subtract cash and equity holdings from the current market cap, all this is being valued at only $17.302 million AUD!!??

Birdfly also indicates SBS have interests in zinc
And copper at their Bisha deposit!

What gives – this needs some serious re-rating!!

Trade safe!