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2.7¢ goldoz limited

Ann: Mustang Recovers 460cts from Plant Startup-MUS.AX, page-41

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Davisite

19,420 Posts.

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28/10/16

11:17

Post #: 20194241
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Originally posted by copperroad ↑

I think MUS should just keep ramping up the bulk and watch out. They already have 460cts on a small tonnage and you can be sure a lot of those tons would have not been the ideal feedstock. That tends to happen as you feed in sand and other surface material first off. I reckon their grade will actually improve as the confine themselves to the pay zones and limit waste.
They may need 1000-2000cts for a decent sale parcel, but that won't take long now. The resource is open and producing gem quality stones. Also looks like a high proportion of these stones are excellent quality gems. Things may really wake up if they complete a marketing deal since it will add cred.
This market cap might look funny in due course. Dyor

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I am curious what news will move the market. They are sitting on over A$150,000 of rubies (assuming US$300 carat) and accumulating more at at rate of A$35K a day with the ability to improve yield and volume as they bed the bulk processing down. What more do they need to do prove that they are the real deal?

MUS Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
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