$1/share is a tad bit outlandish post auction i feel. Price will be greater than where it is today thats for sure but highly doubt $1.
In the long run provided continuity of auctions and exploration is plausible. One thing traders must realise is that following auction money will need to be spent on upgrading plant i.e. vertical pulsating jig as well as funding exploration to prove up Jorc on new lease acquired in order to purchase remaining interest off SLR "At a price determined fair from an independent".
Additionally keep in mind that $54MAUD at auction will incur mandatory government royalty and that we also do not own 100% of the lease.
Like i said 1$/share in due time but wont be after market is satisfied with greater certainty ect.
Cheers and good luck
MUS Price at posting:
5.1¢ Sentiment: Hold Disclosure: Held
