Okay, before close of buying changes for today, one more thought to share:
If Ruby inventory is conservatively distributed as 20% high; 50% gem grade and 30% commercial; and the selling rates for these are $200/ct; $50/ct and $10/ct then we will average $68 per carat.
Hello re-rate Tuesday.
Tell me where that is not a conservative estimate.
Remember - MUS would not pay artisinals for rubies worth less than $10 and screen cutoff for plant is 2mm; so we're likely to be well above this.
Consider this my pre-halloween gift of research.
(and DYOR)
Cheers
Capt
MUS Price at posting:
15.3¢ Sentiment: Buy Disclosure: Held
