Yes. The graphite keeps getting forgotten all the time, but with the JORC due this qtr we can expect to know if it amounts to anything or not.
As I have said a number of times it is the number of exceptional stones that is unexpected. MUS has barely started production and to have found 5 already is very encouraging.
All the other indications we have so far are they are tracking GEM’s progress exactly except they managed to get to this stage on around 1/8th the cash - nobody handed them a US$30 million cheque to go and find their first commercial parcel of rubies.
MUS Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held