Translation: the company has indicated it is on track to reach 200,000 carats for October auction 2017 and has the ability to accelerate the programme if required. It can double the mining shifts on the now fully operational plant if needed with increased water recycling in place.
If you read between the lines, the Artisinal extra mining program is also fully operational as well and the company is encouraged that the colluvial/elluvial gravels are delivering very high-quality rubies (desirable colour and clean stones with limited cracks/fractures), augmented by mixed ruby qualities from the artisanal development program.
This will make it possible to provide rubies across a wide range of qualities to the market and will assist in the likely success of the Company's future ruby auctions. Quality seems to be a feature of of Mustang's products coming through.
It sounds very positive to me with optional plans at the ready if required and already have 147,052 carats of cash value assets in security and growing according to plan. It's a no-brainer.
