I would venture that we should consider CJ,s words on numerous occasions, that USD 100 per carat should form our worst case event.
My own speculation is for USD 285 per carat, as an example of how wide that speculation encompasses.
There will not be an average of USD 20 as we are recovering secondary deposit medium to high quality rubies.
It is simply not possible. Imho
There are reserves placed on every lot of our auction, therefore the price will not be below our reserves.
USD 20 is grinding paste grade, and is of no consequence to MUS. imho
Please do more DD, before posting again.
MUS Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held