Originally posted by pe981
I just love how narratives changeclear.png
Seem to remember before the great ruby auction much long winded analysis from a variety of posters sprouting the potential of MUS and the ruby market - the streets were awash with gold. Apparently now the industry is all guesswork and only the true insiders know anythingclear.pngclear.png
Now it seems graphite / vanadium is easy money and a snip to value potential on a scoping study irregardless of any other factors.
I would humbly suggest a bit of research into other graphite hopefuls might be a touch illuminating and reveal that many others also believe the great potential of this resource (particularly their own), however actually developing anything has so far proven beyond most.
There is no doubt money to made out there, but in the meantime there is a plethora of Companies sucking shareholders dry chasing the holy grail and more getting on the bandwagon all the time................Buyer beware indeed!!
@pe981 - if you can tell me the trading price for run of mine quantities of medium and high grade ruby rough, in the open market, at any time this month I will eat my hat. However, I humbly suggest this will be highly unlikely - and you will find that ruby sales are indeed an insiders game.
Obviously mining graphite and vanadium isn't going to be easy to mine either (vanadium is notoriously tricky actually) - but my point is that they are a damn site easier to evaluate and price - so values in any reports they issue are more likely to be
somewhat correct as opposed to wildly incorrect. ( Im pleased to note the calcs in the scoping study are very conservative - and use V205 @ $18/lb - instead of this weeks trading price at ~$30/lb. ..
If you read the SS - you'll note that they have relatively low costs required for stage one. No one said it would be easy - they're off grid in deepest, darkest , Mozambique if you hadn't noticed. However - they only need $10mil to get going with phase 1 , which means it is not a wild dream.
Caveat emptor of course - and I have sympathy for the big loss I'm guess you took - but for some of us who didn't buy during the ruby rush the current share price represents a real bargain.