I hope everyone had a relaxing and enjoyable Christmas day (I certainly did). Lazing around this morning my thoughts turned to 2017 and what it has in store for MUS.
1. Can MUS replicate the success of GEM in getting production up and rubies sold in the first half of 2017? When I look at the resources poured into GEM (US$30M+) to get them to their first ruby sale I wonder can MUS do the same with only ~1/8th of cash? The big boys think so, but the market otherwise.
2. What event will change the market's opinion of MUS? Will it be them getting their plant up to full production? Will it be the first ruby sale? Will it be the initial JORC?
3. What about the graphite play? If the JORC on this goes well (due 1st QTR 2017) will the market forget about the rubies and just focus on this?
4. If the rubies or graphite play go well where do we think the SP will be at June 30 2017? For the negs here we can assume the SP will be effectively zero if neither one pans out.
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