G79 0.00% 2.7¢ goldoz limited

8245L & Alpha = Mugloto = Top $, page-85

  1. 461 Posts.
    lightbulb Created with Sketch. 83
    Hi Dan1,
    I just went to the AFR website to the same article - and found in this version additional words had been added at the end of your cutout.  I have inserted them in green.
    Second I obtained in March from the Gemfields website an estimated 2017 and 2018 rough rubies production
    from Mozambique:  12.0m c and 20.0m c respectively.
    Below are the results of my calculations as to how much (or how little) MUS will compare to Gemfields over the next (my guesstimate) 18 months in rough rubies production  -

    AFR  online version  -  end  bit

    Mr Jordaan said he was confident rough auctions would generate better returns and that Mustang's entry into the market would not hamper prices.
    "We are confident there is more than enough room for our supply in an organised sales process that can supply the market and stimulate sizeable growth from where it is today as a $US2 billion per annum industry."
    However a portfolio manager familiar with gemstones, who declined to be named, said Mustang could face challenges auctioning its stones in a market dominated by a large and well-established competitor.*


    *  My response to this article's last sentence:
    [ How  MUS  will affect  TOTAL  2017  & 2018  Mozambique  rough  rubies  production ]


    Estimated  MUS  2017   production (sales)  -  200k  carats/
    FORECASTED  GEMFIELDS 2017  production  12.0 m carats
    MUS as % of GM 2017  production 0.2/ 12.0 = 1.66%


    My  guesstimate of MUS  2018  production  Mar 2018  -  300k carats  AND  SAY  Oct 2018  -  500k carats
    FORECASTED  GEMFIELDS 2018  production  20.0 m carats =
    MUS as % of GM 2018  production 0.8 / 20.0  = 4.0%

    Cheers

    Bluequartz
    Last edited by Bluequartz: 10/07/17
 
watchlist Created with Sketch. Add G79 (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.