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clock Created with Sketch. 30/05/18
16:43
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Originally posted by Davisite
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While the management of MUS have said many things they have never said they were a producer. They only have a small plant that can't process that much. It is not designed for production, but for sampling. Of course if they do find a good location they could scale without much problem - the actual mining of rubies is not complex once you find a good resource. I think what is going to put a greater pressure on the SP is Arena and all their CN conversions. In the absence of real news (i.e. $$) we could end up very easily down at the 1.6c conversion floor or even lower. Of course we could get a positive news shock (lets say more than a handful of the latest 30K of rubies are high quality) that could send the SP way up. Never a dull moment with MUS.
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They may not have said it in words but they did in action by holding an auction. Savage lesson for me but good education was had by all. I'll be picking up a parcel first two weeks of July at these levels. It's still worth the punt!! Edit july
