Ann: Mustang Discovers Diamonds in Mozambique, page-26

First 26 Last

Share
Profile

Follow
akrotiri

3,194 Posts.

1

17/06/15

23:36

Post #: 15486244
Share

Originally posted by copperroad ↑

Thats not the point. The surface material is relatively recent and its a very encouraging sign that there were any diamonds at all on surface. The ancient gravels are where the larger stones and much higher grades should be present. Mining this sort of material is the cheapest form of mining anywhere in the world and is often sub $4 per ton. In parts of the world, its lower than $2 per ton.
The average Carat grade of most alluvial deposits is a fraction of the grade of the MUS results and these diamonds are Gem quality and therfore worth a lot more than even the Marange diamonds. 70% of Marange are industrial diamonds at the source and the ones that have survived rolling down rivers for this distance, are clearly the better gem quality stones. Anyone who just writes this off without understanding what might be here, is not doing themselves any favs.
I see a lot of guys assume its the same old stuff, but MUS has had a make over with highly skilled new management, raised some $9m and secured some of the most prospective exploration ground in two seperate minerals in Mozambique. I would forget the past, and take some time to work out what this company might really have. It would be sad to look back in a few months and see the stock trading over $1 because everyone could not see beyond the old stuff. Im not telling everyone to buy it, im just stating that this is a new game with new projects and hundreds of mining companies are being rebuilt from the ground up and some of these will be rebuilt 5 times and more. dyor

Expand

A post that several should read and digest.......well done copperroad ......5 star post

MUS Price at posting: 26.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Bitcoin investors need to know the risks

ASX hits all time high out the gate on Friday trades following bullish US inflation data

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

There are more pages in this discussion • 52 more messages in this thread...

First 26 Last

Add G79 (ASX) to my watchlist

Ann: Mustang Discovers Diamonds in Mozambique, page-26

Top Stories

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Bitcoin investors need to know the risks

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Immutep reports strong response rate from immunotherapies treating carcinomas

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Nimy to raise $1.21M to explore 'newsy' WA targets

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Featured News