First sales revenue from special stones on track for H1-2017; larger sales volumes targeted for H2-2017
A parcel of rubies totalling 25,000cts (which includes rubies mined by Mustang and those recovered by its prospecting teams) is scheduled for export to Thailand during the week commencing 13 March 2017 for further grading and preparation prior to being sold to customers as part of an anticipated sale of >50,000cts gem-ruby in H2-2017
"The cutting, polishing and certification process now underway will provide us with more key information about the value, grades and commercial viability of our ruby project and pave the way for sales to luxury wholesalers next month which will help define the future marketing strategy of the company"
MUS Price at posting:
4.2¢ Sentiment: Hold Disclosure: Not Held
