my bullish prices are based on my belief that if not for arena selling SP would be in the range 15/20 cents right now. they are out of the way now. any further positive news between now and auction could easily add 5 cents. after successful auction SP could easily add 10 cents. at 25 cents market cap is $150 million which is not overpriced if they receive $50/80 ct US. they have 2 auctions planned for 2018 and could earn 40/60 million US in 2018. the market always looks ahead to future earnings so thats why my end of year price is 45 cents. imo the graphite has nil EV in market cap and if positive news is generated here in the next few months then add another 50 million to market cap.
cheers
MUS Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
