Yes it is more likely than not that MUS will end in tears, but the upside if they do find a location with large high quality rubies is so large that I think it is worth the gamble (as I have been saying for years don't put in anymore than you can live with losing).
I would certainly be a lot happier if we had a different board, but the risk of not finding the good rubies is something I can live with.
At the very least MUS is one of the most entertaining company on the ASX, although OGX seems to be giving it a run at the moment. I have a feeling that a change in management at MUS would replicate what we have seen with OGX over the last few months. It is a pity this is not possible.
MUS Price at posting:
2.6¢ Sentiment: None Disclosure: Held
