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 ) :
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 )
See also: Corporate Presentation July 2017