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W3hunter

14,695 Posts.

8012

13/05/17

17:20

Post #: 24670734
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Originally posted by Davisite ↑

If what CJ said is true then all the shareholders will be very, very happy come October. The problem is because of the way CJ has gone about communicating his credibility is now trashed and few in the market believe him.

I guess one way to approach the valuation is assume what would MUS be worth is they do sell US$80 million dollars worth of rubies in October (you would have to say well over $300 million) and then discount back based on the probability that CJ is telling the truth - the market right now is saying that the probability is less than 5%. I think it is higher than this hence why I am still holding.

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T bone steak doesnt last long on the shelves at $5 a kilo..if MUS have 100,000 cts at the moment worth $40m just sitting on the table that can be bought at half the price today and nobody sees this arbitrage opportunity...I just dont believe that... its not the way the world works...the market is always right.

MUS Price at posting: 3.5¢ Sentiment: Hold Disclosure: Held
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