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