Latest Gemfields investor presentation

Some very useful info for MUS shareholders from Gemfields latest investor presentation.
(Video link : )

The values of rubies from primary vs secondary deposits.

This will end the long debate.



Primary deposit: higher volumes / lower values

Secondary deposit: lower volumes / significantly higher values



Auction results : primary vs secondary deposits


April'15 auction:
Commercial quality rubies, higher volumes / lower values = primary deposit

June'15 auction:
Higher quality rubies, lower volumes / significantly higher values = secondary deposit

Dec'15 auction:
Higher & medium quality rubies, lower volumes / significantly higher values =
Secondary deposit

June'16 auction:
Mix quality rubies,
(Higher & medium quality + commercial quality rubies)

Total 1.5M cts sold = $44,3M
(Assuming their inventory from secondary deposit grows around 100,000 cts per 6mths as u can see from the auction results...

100,000 cts of higher & medium quality rubies = secondary deposit,
and the rest of 1.4M cts= primary deposit × $4/carat= $5.6M

Now total of $44,3M - $5.6M = $38.7M
So value of secondary deposit rubies  for June'16 auction = $387/carat ( similar to Dec'15 result for higher & medium quality rubies=secondary deposit)


MUS is mining rubies from secondary deposits only = significantly higher values ($300+ /carat)

I believe Oct auction will bring us $30M+ cash (+special stones)


Ask @Hardrock25 why secondary deposit rubies are gem quality if u haven't studied yet properly


All you need to know is
Secondary deposit = gem quality rubies =lower volumes/ significatly higher values

Primary deposit = commercial quality rubies = higher volumes/ lower values

Thanks to Gemfields recent investor presentation, now we can end this debate of secondary vs primary deposits

Its all about where rubies are from
Secondary or Primary deposits


New acquisition could be even better than Alpha deposit (secondary)  

Good Luck & DYOR always