As no doubt a lot of you are a bit mystified as to the current share price of 3.6 cents I would like to just say that it is worrying in the sense that the price could actually be indicative of where the company's market cap should be. That brings into question the actual value of the rubies being found, or something else that has not been mentioned before.
If they can sell around 200,000 carats in oct for 60 million does that really mean because we have to wait 5 months we should have a market cap of 20 million? Maybe they will have 40 million expenses as well leaving 20 million. The maths seems ridiculous. Just is puzzling as to why you'd knock off between 20 - 30 million from the market cap because you have to wait 5 months
MUS Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
