Hi all,
combining the info from ASX 21st announcement and latest video (and a bit of wishful thinking ):
expected c for sale in October, between 325,000c and 350,000c (from latest video - something over 300,000c).
Now assuming the median guesstimate of our US$ per c's of of HC poster survey of several weeks ago:
of US$200 - thus sale results of US$65m to US70m. If only US$150 per c, then between US$48.75m and
US$52.5m. I still prefer caution.
Next two year's projected figures (Sep 21 ASX), between 1m c's and up to 2m c's. Two auctions in 2018 and three in 2019.
My take on this two - 500,000c auctions in 2018 - thus 1m c's, and three - 666,000 odd c's auctions in 2019, thus 2m c's.
This is an interesting change from four (4) auctions per year beyond 2017 previously alluded to by management. Trying to think why, I would say MUS management now knowing more about the needs of
rough rubies buyers, through CJ's recent extensive world wide tours, and other senior management staff input as well - they see this reduced number as a more efficient and effective 'real world' sales/buyer outcome for both parties. Again, a learning curve change, in an amazing industry. Our co's willingness
to listen to our customers to be, is what will make us a successful company.
Cheers
Bluequartz
MUS Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held
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