I have no doubt that the current SP reflects a successful auction, however there are degrees of success. More importantly, the auction will finally put to rest the uncertainty surrounding the quality of rubies that MUS is able to produce. So whether the auction exceeds general expectations or not, the stock will finally be largely derisked when the results are known, the final hurdle of course being a viable JORC with a sustainable LOM. This derisking milestone has not yet been built into the SP, so I am confident that the SP will react positively to the results. Good luck to all holders. All prospective buyers must do their own research.
MUS Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
