Share Price in leadup to Auction, page-131

I had previously estimated 25c for the end of the year, but I am feeling that might be too low now since Arena has sold out and the auction is much bigger than originally expected plus MUS are pre-sorting for quality.

The key driver of the SP is going to be how quickly the institutional investors come on board. Are they going to wait for the quarterly, will they buy off the back of the auction announcement, or will they be super conservative and wait for the ruby JORC?

MUS is such an unusual mining company by ASX standards that I worry the institutional investors will not able to value it. Does anyone know of another ASX listed miner that has ever had significant revenue pre-JORC?