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2.7¢ goldoz limited

only 82 days to october, page-17

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rastus64

9,119 Posts.

126

13/07/17

12:42

Post #: 25843545
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Originally posted by Tibbs ↑

From the Gemfields auction report:

"Gemfields’ eighth auction of rough rubies and corundum from Montepuez saw 54 companies placing bids. The auction offered high and commercial grade rough rubies in both untreated and treated form.
Given that the quality mix offered at this auction comprised a blend of varying qualities and sizes of material, a direct top-line comparison with the results of previous auctions is not feasible."

So Gemfields sold about 896,000cts seemingly of very mixed quality. It would seem that MUS is targeting the better, secondary deposit, rubies, so a greater value p/ct is a distinct possibility. But given recent company mistakes, the fact that MUS is a "newbie" in this market, and also that we dont yet have a "proven" industry grading system, we might not get the attention that Gemfields gets. Hence, less competitive bidding is a possibility too, which could mean lower prices.

Just wanting us all to keep it real, and not get ahead of ourselves as was the case earlier this year.

.

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Some solid accumulation going on looks like there is a big bullish storm a brewing

MUS Price at posting: 5.1¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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