Value, Grade and size of inventory, page-5

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Davisite

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09/05/17

09:50

Post #: 24560853
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Originally posted by topcall44 ↑

If the October inventory could be worth anywhere near the 60mill, then you can be sure others will be running the slide rule over them. The BOD needs to wake up how they have driven down the market cap versus the intrinsic value of the resource. Market cap under 20mill a joke, buy the company and you could 3x your investment in the first sale with graphite for free.
The BOD needs to let the market know what is going on, restore some sort of order and sp, otherwise someone like Gemfields will do it and the BOD will be out of a job, some would say and they should be. However the resource is there and does not walk out the door each night like SGH, build sensible worded announcements based on current mining, funding (hopefully borrowing against inventory) special stones they must be worth something as the market has banged 30 mill off market cap. You are directors of a listed ASX co. act like that. DYOR

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I agree the board needs to step up here. Lets see what comes out of today's meeting - we might be pleasantly surprised.

I agree the market cap is a joke right now - we are a few weeks from a JORC on the graphite which has got to be worth more than $20 million alone.

MUS Price at posting: 3.7¢ Sentiment: Hold Disclosure: Held
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Value, Grade and size of inventory, page-5

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