MUS: Year-end share price forecast, page-42

Assuming we get a JORC for the Graphite we can add 1-3c to the year end estimate. Without any form of scoping study and recognizing a minimum of 3 years to execute sampling, marketing and end-user product qualification anything higher is optimistic.

I'm of the opinion that about 30c for the rubies by year end is reasonable assuming a good auction result ( >= USD $183/ct ) and provided there are clear short to medium-term plans announced and this is followed with regular progress announcements.

Then add 1.5c for Graphite. So I'm forecasting 31.5c.