Short Term Trading Week starting: 9th Oct, page-131

First 131 Last

Share
Profile

Follow
$$$$$$$$

8,474 Posts.

1207

10/10/17

16:31

Post #: 27798018
Share

Originally posted by $$$$$$$$ ↑

STTCOMP MUS, FA LONG
MC 65M
SP 10.5c

Rubies and Graphite

I have tipped MUS mainly due to it's upcoming Ruby Auction which begins on 27th October,
ending on the 30th October.
It initially estimated it would have 200 000cts but has over delivered with over 300 000cts...

Mustang also have some of the highest grade Graphite deposits in the world at their Caula project,
with >55% large and jumbo flakes in ore,
and >26% Total Graphitic Carbon

Highly successful production ramp-up puts Mustang on track to offer more than 300,000cts at its maiden tender next month compared with initial target of 200,000cts.

Mustang Resources (ASX: MUS) is pleased to announce that its ruby inventory has soared to 277,852 carats. The outstanding result means Mustang’s inventory is set to comfortably exceed 300,000 carats by the time of its maiden tender, which will be held over four days from Friday 27 October to Monday 30 October in Port Louis, Mauritius.

This compares with Mustang’s initial goal of accumulating a 200,000-carat inventory in time for the auction. The substantial growth in the inventory stems from record production rates at Mustang’s Montepuez Ruby Project in Mozambique and strong results from the Company’s artisanal miner development program (AMDP) following the implementation of “bushman jigs” and sorting tables.

Mustang Managing Director Christiaan Jordaan said the rising production rates and inventory coincided with very strong interest in the tender from ruby customers around the world. “The planets are aligning perfectly for our maiden tender,”

Mr. Jordaan said. “We have exceeded our most optimistic inventory targets and all the feedback we are getting points to strong demand for rubies among global customers. “Our tender inventory will be significantly higher than we had expected, opening the door to increased sales and revenue for the Company.

“The increased inventory will also help attract leading ruby buyers from around the world, who are looking for critical mass as they seek to meet the strong demand for these stones.

http://www.mustangresources.com.au/irm/PDF/2474_0/MustangExceedsAuctionTarget

Expand

@Freehold
Hi, I tipped MUS but cannot see it in the STT Competition,
any help appreciated.
It's my first STT Competition entry so I dunno...
1 Upvote

0 Great analysis

Reply

Top Stories

SI6

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

LRD

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

Bitcoin jumps 8% to beat record on Trump vote optimism

First 131 Last

Short Term Trading Week starting: 9th Oct, page-131

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

Bitcoin jumps 8% to beat record on Trump vote optimism

Featured News

Featured News

Short Term Trading Week starting: 9th Oct, page-131

Top Stories

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

Bitcoin jumps 8% to beat record on Trump vote optimism

Featured News

Featured News