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Hey Moorookamick...love your working out...but if I may be so...

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Ponda

897 Posts.

09/02/17

20:10

Post #: 22499495
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Originally posted by moorookamick ↑

Suppose that one ton of alluvial ore contains 3 carats of rubies
and suppose that 3 carats are made up of:
-5% premium quality valued at ...........$150
-15% fine quality stones valued at ........$180
-the remainder valued at.......................$100
Total value of the one ton.......................$330
- x 1000 ton a day...................................$330,000
- x 365 days............................................$120,mil revenue p/a
- or say $60 million NPAT
-for say 1.65 billion shares (diluted), thats 3.6c EPS
-and @ a P/E of say 6 , that's 21.6c SP

Please note that this is IMO only and should not be taken as investment advice.

Unlike gold, rubies can be more variable and that much more difficult to guesstimate.

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Hey Moorookamick...love your working out...but if I may be so bold....shouldn't the total ore value add up to $430...not $330...it then puts the value per tonne up to $430,000 per day.
It makes the value per share better.
Just my Ponderings

MUS Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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