re: cfr - announcement soon ??????
i put this up to genreate discussion.
The resource is estimated at 14million Carats
Rough rubies go for about $6 per carat (I may be wrong on this but happy for anyone to give better guidance)
Hence the resource is worth approx $84million.
Given they currently have the capacity to process 150 tonnes per day.....lets just say they can process approximately 40,000 tonnes per year. Their current estimates are 7 carats or more per tonne. This equates to 280,000 carats per year and at $6 per carat is in the order of $1.5million less costs. If we work on a PER of say 10 and say the earnings after costs are $1million per year then the price should be in the order of $0.077.
I accept that these figures are very rubbery but there are some rubies that sell for significantly more than $6 per carat.
Food for thought anyway
Happy trading
CFR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
