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ccdavid

2,505 Posts.

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09/07/17

19:56

Post #: 25756365
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Originally posted by Davisite ↑

I was just trying to make the point that CRs are not to be feared if the cash is going to be used wisely. In an ideal world having a second plant in a different location would be good to have. Not only would it insure us against problems with the single plant (imagine what would happen to the October auction if the plant caught fire or was looted), but it would allow MUS to speed up the JORC process. Reading between the lines the lack of cash was the reason the cut and polish model had to be abandoned. The auction really should be in September (three months before GEM's) and it is only in October because of a lack of cash.

Even the acquisition of the new lease (this is proving to be the bargain of the century) was delayed as there wasn't the money earlier in the year to explore all the leases more fully. I understand why this is being done (CJ & CVW want to own 10% not 1% of MUS), but as shareholders it would be better if more money was invested derisking the project.

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Hi Davisite, I was just wondering, Does CR needs to be share dilution this time when there is an
impending auction sale, Why Cant the capital be raised by a finance loan with the Impending
auction sale as collateral. 5 million is easily covered by the sale , Right? Dilution hurts
those that don't have a capital to buy CR shares when we know come October, the Auction will
definitely raise 10M plus. JMO.

MUS Price at posting: 4.3¢ Sentiment: None Disclosure: Held
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