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2.7¢ goldoz limited

That's fine, i didn't even use their graphite resource/outlooks...

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permianbasin

393 Posts.

26/10/17

12:05

Post #: 28214169
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Originally posted by Fishinnick ↑

To start with, in your market cap evaluation have your forgotten to subtract everyone else's slice of the pie? MUS only owns between 52.5% - 65% of the ruby assets it has. The rest are owned by Regis, SLR mining and some investor begining with L. MUS also pays $3000/mth to the L one from memory. This means that after loans and mining costs are repaid to MUS from the sale of its rough rubies, ALL revenue from the ruby assets will be divided up between those parties at their respective %'s.
SO this auction revenue realistically is not ALL for MUS. I'm just average it to 60% for MUS on a LT ongoing basis.

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That's fine, i didn't even use their graphite resource/outlooks in my example

I stand by my 300-400m market cap

Last edited by permianbasin: 26/10/17

MUS Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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