DYOR. Not qualified for advice.
Confirmation of a date for Mustang’s inaugural auction to be held 27-30 October significantly de-risks investment. Major buyers have confirmed their attendance at the auction. Mustang have been recovering high-quality rough rubies from their deposits.
Mustang now have the key arrangements in place that are enablers for achieving significant cashflow by the end of October from tender-sales of carefully sorted and graded rough-ruby parcels.
Peruse this info and then make your own assessment:
High quality rough rubies ( ready for tender sales to gem cutters ) :
- Ruby Count Grows to 147,000 CTS October Auction Confirmed - https://hotcopper.com.au/threads/an...147-000cts-october-auction-confirmed.3612291/
- 8245L & Mugloto = $$$ - https://hotcopper.com.au/threads/8245l-alpha-mugloto-top.3520314/
- The depleting supplies of rubies from Burma - https://hotcopper.com.au/threads/the-depleting-supplies-of-rubies-from-mogok-in-burma.3604656/
- Example of a cut Mozambique ruby - https://hotcopper.com.au/threads/video-mozambique-2-06-ct-unheated-31-999-usd.3599514/#.WZOaVlEjGUk
- A current risk is dilution associated with a convertable note facility. DYOR.
Key charts below.
Average inventory Rough Ruby prices in the USD $150/ct to USD $300/ct range are reasonable expectations. See below for indication of the potential Net Income generated from October and March auctions.
See the following for explanation of charts:
( chart below based on share price at end of last week )
- Income and Price Analysis
- original post - https://hotcopper.com.au/threads/in...al-of-mustang-resources.3591747/#.WZOYO1EjGUk
- follow-up post - https://hotcopper.com.au/posts/26458656/single
- Retail Price Potential of Rubies from Mozambique - https://hotcopper.com.au/threads/re...f-quality-rubies-from-montepuez-area.3605136/
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See also: Corporate Presentation July 2017
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