CSE, currently evidences a 74% discount to underlying value of the company's SYR holding for a tax sheltered shareholder. SYR continues to progress towards its final feasibility study and mine, which should re rate the stock significantly. The company also highlighted the successful trial of its spherical graphite in battery anode against other major Chinese graphite suppliers. CSE remains an under valued, leveraged play into the SYR story in particular for non tax paying super funds.