And gamble it is:
Rubies are valued as a primary 200k at $26/ct =$5.2mill on a conservative P/E of 5 so co. worth 25mill.
Rubies are valued as secondary 200k at average $500/ct =80mill assuming 80% are gem worth on P/E of 5 400mill.
All the above scenario assume graphite nil.
So as a betting man I could get my money back ie worth 25 mill or I could get 16x my money. Place your bets DYOR this is a bit of fun.
And gamble it is: Rubies are valued as a primary 200k at $26/ct...
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