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31/10/17
10:30
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Originally posted by wombat777
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That's only a rough figure. 38% is perhaps more accurate. 8/21 = 38%, however really need to wait for the company announcement since the number of carats in each schedule could be quite different.
I understand the intent was to do pre-sorting at the mine into High Quality and Commercial lots. The detailed grading of high quality stones was then to occur in Mauritius. I also understand the commercial material was to go through a much simpler sort/assessment process ( weighing of bags of similar material but not assessing each stone individually ).
Will need to wait until the AGM to ask the company specific questions on what they did and didn't get done in terms of preparation of lots.
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I expect this schedule would have been one that
would have sold, as that is the quality stuff. You could guesstimate the value of that and have a baseline based on x000’s per carat.