Here is the Summary........

Here is the Summary.....

https://hotcopper.com.au/threads/25-a-carat-bang-on-the-money.3804285/?post_id=28385286#.Wfk0aUxuKUk

Here are some of many conversations....

https://hotcopper.com.au/threads/no...399051/page-2?direction=previous#.Wfk0ukxuKUk

love your post...

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I am not sure what we are discussing here. The reason there seems to be a negative correlation between gem quality and yield is the weathering/transport process involved in distributing the rubies in the area preferentially destroys the low quality gems. Only the best quality gems with the lowest number of internal flaws survive the weathering process - all the low quality gems end up as dust.​

Maybe you should have added.... or in MUS's tenement.

https://hotcopper.com.au/threads/an...562599/page-2?direction=previous#.Wfk1-UxuKUk

and your quote lol.... "opening my eyes" double lol...

Do you really think MUS is paying the locals US$15 a carat for $25 a carat stones? If they were doing this GEM would load up the truck and drive over to MUS and sell them as many as they wanted. ​

We know that the stones that MUS are buying are the high quality ruby and premium ruby (we even have pictures of them). These sell for U$150 and US$700/ct respectively. ​

As for your final statement the top 3% is exactly what MUS is mining. Spending more than 30 seconds learning about the resource (the GEM JORC is the best place to start) will open your eyes.​

and this pearl....​

LOL - are you really this clueless or just trying to stir?​

Who compares the reserve to production??​

GEM sells the rubies they mine, not their reserve. The vast majority of the rubies they have mined to date are from the primary sites.​

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and how about your grange reference...​

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Yes the GEM figures are speaking, but someone is not listening. The vast majority of carats extracted and sold by GEM have come from the primary ore Maninge Nice site. These are predominantly low quality stones that sell for US$4ct.​

Anyone who use the average sale price of GEM’s production to estimate MUS average sale price is like someone who estimates the price of a bottle of Grange by averaging the prices of the wines at their local bottle shop - Passion Pop only cost $4 so a bottle of Grange will be only $4.​

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and this thread....​

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https://hotcopper.com.au/threads/an...ezzanine-finance-from-major-investor.3555687/​

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I could keep going..... you were repeatedly warned, about questionable practices, poor management history, about the deposit itself.... you didn't want to listen.