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clock Created with Sketch. 06/02/17
19:54
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Originally posted by Juno
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Extract from the Ruby Division:(a) of USD 6.6 million (versus USD 6.9 million in the quarter ending 31 December 2015);(b) of USD 6.00 per carat (versus USD 4.31 per carat in the quarter ending 31 December 2015) as a direct result of the decrease in carats produced. On a cash basis(c) , unit operating costs were USD 5.00 per carat (versus USD 3.31 per carat in the quarter ending 31 December 2015); and
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It is pretty hard not to make money when your cost of production is US$6 a carat and you sell for nearly $28 a carat. Nice business to be in.
