On today’s announcement of 352,000 carats:
https://newswire.iguana2.com/af5f4d...4495/MUS_Announcement_6A854495.pdf?download=1
Let’s assume Mustang will offer 375,000 carats to auction.
At 85% clearance we would need $175 / ct to achieve USD $55.8M
375,000 x 85% x $175 = USD $55.78M
This will beat Gemfield’s auction results and set a record.
They could make it with over 40 buyers attending.