Exceptional Stones: Size range, page-65

First 65 Last

Share
Profile

Follow
jb2020

218 Posts.

22

01/02/17

15:41

Post #: 22292384
Share

Originally posted by Juno ↑

I keep reminding everyone that if you look at Gemfields there is big money in the stones that are not special - while I am sure the market will over react if the big stones are not worth millions, GEM are producing over 10 million carets a year, with NPV of close to a billion USD - from their financial statement:

RUBIES

Continued production growth of rough ruby and corundum of 10.3 million carats (2015: 8.4 million carats);
Higher grade achieved of 35 carats per tonne (2015: 26 carats per tonne);
Revenue of US$73.1 million, with an average price of US$45.50 per carat;
68% increase in higher quality rough rubies recovered;
Marginally lower unit operating costs(b) at US$2.54 per carat compared with US$2.57 per carat
Cash rock handling unit costs(c) of US$6.06 per tonne (2015: US$6.16 per tonne); and
Maiden JORC Resource and Reserve Statement in July 2015 by SRK (on a 100% attributable basis):
Total Indicated and Inferred Mineral Resource of 467 million carats;
Probable Ore Reserves of 432 million carats;
Projected 21-year LoM; and
NPV of US$996 million (based on a 10% discount rate).

Expand

Juno that average price of US$45.5 / carat has me worried. What is the likelihood of the 6000 carats valued at this average price?

My figuring is that the 6000 carats have been graded over a range of weight and quality but prices quoted in recent posts have discussed$400-$600/carat. Without some proper valuations of the first 6000 and no JORC what is a "reasonable" estimate?

Will the Tucson Gem Fair provide clarity of prices for the stones? Are management intending to sell the stones there or auction in Singapore as Gemfields have done? Mustang are not listed as appearing at the Tucson Gem Fair anywhere on the official website.

MUS Price at posting: 5.7¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

RCE

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

Shekel Brainweigh and Calmer Co lead innovations in the retail space

ARN

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

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 • 37 more messages in this thread...

First 65 Last

Add G79 (ASX) to my watchlist

Exceptional Stones: Size range, page-65

Top Stories

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

Shekel Brainweigh and Calmer Co lead innovations in the retail space

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

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

Featured News