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25/10/17
10:21
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Originally posted by Nikec
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Can i have a conversation with Fishinnick?
You're right completely forgot about that aspect, i mean how hard is it to take a photo of them?
People seem to forget that when you cut rubies they lose a portion of their weight, from memory i think it was 20-30% (could be more) and thats by an experienced cutter. They also need to be polished. Not to mention the fact they are required to be crafted into jewelry.
Thats why i cant see rough rubies being sold in bulk as much as some posters are suggesting. Will be interesting to see none the less. If i am wrong ill happily jump in.
Pointless to argue anymore, might be best just to wait and see what comes of it.
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I think they will only sell rough rubies, mostly in bulk to the Gem buyers because thats what the Gem buyers want. They are going to do the same as GEM for the sales strategy by only selling rough rubies.
Here is the link to Why the change in strategy. Page 11
http://www.mustangresources.com.au/irm/PDF/2340_0/ResourcesRisingStarsInvestorPresentationMay2017