New Research Report Posted, page-23

No. I have never been an upramper of MUS, just someone who was invested from an early stage and who is very bullish about the resource. If you want to read back over my posts from last year I was one of the few people telling everyone that MUS was very risky and to not invest too much - I even got accused of being a downramper. I didn't sell pre-auction and was wiped out like everyone else.

I said at the time that the graphite would be like the second booster that would take the valuation of MUS to the next level. Graphite is very capital intensive and the rubies offered MUS a way fund the development of the graphite (there was no vanadium at the time). If MUS had actually had a reasonable number of high quality rubies going into last years auction then they would have been able to follow exactly this path.

I don't think MUS can develop the graphite/vanadium on their own without the success of the rubies. The success or failure rests as always on the rubies.