Final carats tally comp., page-239

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Archaon

64 Posts.

23/10/17

23:32

Post #: 28131897
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Originally posted by Fishinnick ↑

Heres the latest production for you for 2017 and forcast. It dosen't elaborate like the other but operations are still in review. Don't get mixed up with lower grade meaning less high quality rubies.

Rubies
· Production summary for 75%-owned Montepuez Ruby Mining Limitada ("Montepuez") in Mozambique for the quarter ending 31 March 2017:
§ Production of 1.2 million carats of ruby and corundum with an average grade of 7.0 carats per tonne (versus 2.0 million carats with an average grade of 30 carats per tonne in the quarter ending 31 March 2016) largely as a result of the lower grade but higher value ore being processed, with the quantity of premium quality rubies recovered increasing by 92%;
§ Total operating costs^(a) of USD 6.5 million (versus USD 5.8 million in the quarter ending 31 March 2016);
§ Unit operating costs^(b) of USD 5.42 per carat (versus USD 2.90 per carat in the quarter ending 31 March 2016) as a direct result of the decrease in carats produced. On a cash basis^(c), unit operating costs were USD 4.08 per carat (versus USD 2.40 per carat in the quarter ending 31 March 2016); and
§ Cash rock handling unit costs of USD 5.37 per tonne (versus USD 10.18 per tonne in the quarter ending 31 March 2016), mainly attributable to almost doubling of total rock handling while costs were maintained at similar levels as comparative period.
· The next mixed quality auction of rough rubies and corundum from Montepuez is expected to take place in June 2017, in Singapore.
· Given that the production focus will be on processing predominantly lower grade but considerably higher value ore for the remainder of the financial year, the targeted total production is now estimated to be between 8 to 10 million carats of rough rubies and corundum (compared to previous guidance of 10 to 12 million carats).

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I'm not sure why you need to link me the most recent info, I know this already, I've read up on MUS and Gemfields.

I was merely calling you out on down ramping using out-dated info, you truly are clutching at straws.

Hope there is some useful posts within your 6600+ post count, otherwise that number brings me nothing but sorrow.

MUS Price at posting: 17.0¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

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Final carats tally comp., page-239

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