Go long on Mustang!, page-6

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sparky17

415 Posts.

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11/10/17

11:31

Post #: 27818991
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I wish I had listened to wombats advice a while back about MUS.

Good luck to all holders. Looks to be a winner.

Originally posted by wombat777 ↑

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.

View attachment 768132

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

View attachment 768129

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.

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MUS Price at posting: 14.0¢ Sentiment: None Disclosure: Not Held
8 Upvote

0 Great analysis

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Go long on Mustang!, page-6

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