I’m a bit like you. I accept MUS isn’t an established earner so some traditional ratios shouldn’t be used, however, I am comfortable in downgrading for a junior and increase once performance is proven and repeated.
I’ve got a SP of 25c which is my midpoint but I’ll up after auction result if justified. My high point at moment is 30c but I’m being conservative
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I’m a bit like you. I accept MUS isn’t an established earner so...
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