Out of an inventory of 6000* odd carats in January we had this amazing parcel of Special Stones.
The sudden change in marketing strategy from the initial two pronged approach of cherry picking
the large valuable stones, cutting and polishing them and selling directly to the end market while
wholesaling the rest in rough form has cast doubt over MUS and its prospects; so much so that
Mr Market has dropped the share price from above 9c to half that within weeks.
The huge parcel of Special Stones out of 6000 odd carats of inventory in January was amazing and, for
some, too good to be true. Lets face it, if MUS can get 70 carats of huge stones out of 6000
carats of ROM, the entire tenement would be worth $Billions; not a measly $20 odd million as it is at present.
By October, if the Special Stone ratio to ROM @ January was carried forward to October, then MUS should have
2333 carats of special uncut stones in the October auction. I guess we'll have to wait and see!
As the saying goes: "if its too good to be true, it probably is.
*when the special stones and the 6k rough stones were sent to the USA in January, there was no announcement
by the company that it held further inventory then.
MUS Price at posting:
4.1¢ Sentiment: None Disclosure: Held
