Fair Value

Now that we are all aware of the result of the auction, where do we see the fair price?

Things to consider:

- Next to none profit from the auction
- Valuable information about ruby commerce gained
- Still close to 400,000ct inventory
- Future auctions likely to be more successful
- Reasons the auction went the way it went (misguided expectations, sorting or grading errors, collusion from buyers)

I see this stock now as being fairly valued not far from the current price, they are producing revenue now, have a long mine life, other avenues of income etc.

Will expect the price to open around 6c in the coming days and I'll be happy to buy below 7c.

A price of 7c puts the market cap at approximately $50M.

This guess will change as future announcements are made available,

Please, intelligent discussion only with opinions backed up with reasoning.