Don't forget our graphite asset which could be worthy $20m - $40m, maiden JORC resource to be released this quarter.
Current market cap: $19m
Current cash estimated: $3m
E/V: $16m
MUS' Graphite asset:
License 6678L (MORC-004): Exploration Target of 18.66 Mt (at an average
grade of 13.6% C g ) to 29.84Mt (at an average grade of 9.7% C g )*
Exploration program confirmed wide, high grade intervals of up to 22% Total
Graphitic Carbon (TGC)
License 6678L: 67m wide high grade graphite zone with 23 samples above
15% TGC, including intervals @ 22% TGC and 20.7% TGC
License 4661L : 74m high grade graphite zone, including intervals @16.5%
TGC and 18.8% TGC
BAT/MTA: Market cap: $44m
Graphite resource:
- 62Mt @10.25% TGC at 6% cut-off grade
- 18Mt @13.88% at 11% cut-off grade
TON: $42m
SYR: $883m
Ruby's neighbour Gemfields' market cap: $443m
DYOR & GLTA
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