Value, Grade and size of inventory, page-20

Hi all,
just a thought on our possible 2017 income from Montepuez:
1. A guesstimate of around US$5.2m. for our Oct 2017 00,000 carats by one of our posters.
Well its a start.
2. I also thinking selling or renting one of our graphite leases to Syrah or an
other cashed up graphite co. in the Montepuez region. As graphite mining is expensive
to set up and develop and takes 4-5 years- most unlike a rough rubies trading business, MUS could
in the interest of not further diluting our number of shares or getting a loan to
start our H2 2017 Feasibility Study raise one, two or more US$M from this second option.

Anyway I am expecting some announcement by management on our fund raising
options, and to when the FS will actually start, by at least - July 31 this year.

Cheers

Bluequartz