Does MUS produce high-grade rubies? If so, how many, at what price and at what cost? What is the reserves? It's a little crazy to value the company at $80-100mill when these questions are not answered.
It's still interesting, but maybe worth $20-30mill until they can prove the deposit is economically viable?
If i look at my favourite chart, we are probably in the denial phase right now, having come off euphoria the last couple of weeks. That will quickly turn to panic when trading resumes. Might take a few months to get to despair.
You would have to be crazy to try and pick the bottom on the way down. Uber high-risk strategy.
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