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Ann: Mustang Discovers Diamonds in Mozambique, page-46

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ecat88

661 Posts.

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19/10/15

14:31

Post #: 16205405
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Originally posted by aries123 ↑

I think you are missing the point.
Try it like this very simplified,

Eg From 90 -40 million years ago low grade diamond deposits were being deposited along this river.
From 40 - 10 million years ago higher grade material was being deposited along this river.

Therefore the shallower deposits are richer than the deeper.

Although being able to treat 1000m3 /day MUS have only recovered 24 cts.

But they have ramped their activities up very quickly and are having an honest go.
I wish them luck and who knows, but until they can confirm a bit better grades I will be staying on the sidelines.

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Thanks Aries, I get your point.
Still early days for this company and the upcoming drilling and sampling will be very interesting. Good to see them moving quickly.

MUS Price at posting: 22.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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