Just over 2 weeks to auction. Go long on Mustang! DYOR. Not...

Just over 2 weeks to auction. Go long on Mustang!​

DYOR. Not advice.​

The rubies! It’s all about the cashflow from the beautiful rubies. This asset will turn Mustang into a mid-cap mining company and importantly funds for development of other assets such as high grade Graphite.​

Latest corporate presentation:
https://newswire.iguana2.com/af5f4d...4140/MUS_Announcement_6A854140.pdf?download=1

@ekismal is tracking pre-auction and end of year share price expectations

Latest - https://hotcopper.com.au/threads/sh...713352/page-488?post_id=27814725#.Wd1hPbbZWaM

Mining Concession & Inventory update to 352,260 Carats

Mustang now have a Mining Concession this means we now have a Mining company!

• Security of tenure for 25 years!
• More than 40 buyers registered to attend Mustang’s inaugural tender sales of Quality Ruby in just over 2 weeks time!

For announcement
https://newswire.iguana2.com/af5f4d...4495/MUS_Announcement_6A854495.pdf?download=1

For more on this see @Tibbs post:
https://hotcopper.com.au/threads/mus-granted-25-year-mining-license.3744276/#.Wd1bkbbZWaM




See details on quality of the deposit
https://hotcopper.com.au/threads/mu...-secondary-deposits.3726558/?post_id=27596391

See my inventory valuation

My latest - https://hotcopper.com.au/threads/es...3740142/page-18?post_id=27803652#.Wd1Z6rbZWaM

But see original post for method -
https://hotcopper.com.au/threads/estimated-inventory-valuation-8-october.3740142/#.Wd1aLLbZWaN

See my cashflow estimates
https://hotcopper.com.au/threads/ca...er-2017-auction-calculated-9-october.3743073/

Forward Plans to Rerate Share Price

Some significant points that will support re-rating of the share price:

• 27-30 October 2017 - maiden rough ruby auction in Port Louis, Mauritius
• Scale-up of the plant from 1 Mtpa to 2 Mtpa capacity
• CY 2018 - hold a minimum 2 rough ruby auctions
• CY 2019 - hold a minimum 3 rough ruby auctions
• Establish a minimum 10-year JORC to support a minimum 10 year life of mine
• Double the landholdings (through access to tenements held in related companies)
• Implication (i.e. not confirmed) of delivering dividends to shareholders (see my hypothetical analysis here)

We also have a Maiden JORC being prepared for the Graphite. This is due this quarter but now expected before the Ruby auction is completed.