My view is that the graphite was put into mustang as a short term asset to boost the share price. At the time Graphite was hot and it was away to push the share price.
It will be interesting to read the Qtrly next month, to get a clear picture of how much money is being spent and how many rubies have been produced.
If MUS has not announced a sales agreement by June and cash will definitely be a problem.
MUS Price at posting:
2.2¢ Sentiment: Hold Disclosure: Not Held
