Great post. In FY23, the cost of each pearl sold was $18.89 per pearl. In the most recent auction, the company was getting ~$113.92 per pearl. That's a 83.4% gross margin! We will have approx. 367k pearls to sell over the next 6 months and the company is currently seeing slight improvements in quality. If the price can hold or increase from here and quality can improve, the potential is simply enormous.
Great post. In FY23, the cost of each pearl sold was $18.89 per...
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| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $102.7K | 948.7K |
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| 2 | 18151 | 10.5¢ |
Sellers (Offers)
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| 11.5¢ | 275000 | 3 |
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| Last trade - 15.52pm 03/05/2024 (20 minute delay) ? |
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| Last updated 15.52pm 03/05/2024 ? | |||||
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