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20:13
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Originally posted by Tibbs
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"Even if the 2 rare rubies return the high US $42k per ct , the total for the package would be $2.8M US or $3.75M Aust. ... Feel free to pick apart my figures." "the value of ruby with higher stone sizes of more than five carats is normally negotiated between buyers and sellers for higher prices ." This could well be a significantly incremental increase, and so could add to the finally tally. Also the elephant in the room is the cut stones ... how they turn out, and how much was wasted in the cutting process. Success here could add even more. Also we are breaking new ground in cutting the stones and directly selling them directly to high-end jewelers, so we dont have a pattern to follow. A lot of unknowns
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My estimate is $2 to $3 million with the possibility of a surprise on the upside depending on how the chips fall. For a speculative miner this is a fantastic outcome, but the real money will be made over the next few years. We are focusing far too much on the 7 exceptional stones and not enough on the bulk production.
