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Richland Res Share Discussion Threads
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|"""A the recent Anakie gemshow I had the chance to talk to one of the representatives of the new Capricorn Sapphire mine. He mentioned to me that at the Hong Kong international Jewellery fair that Tiffany&Co. were interested in the Australian Sapphires along with a handful of other global Jewellery brands."""|
|What is going on here? Dormant for ages and now this!
|Technical Analysis AGQ , ASA , JLP , ONZ , PXOG , RLD , TPG
5th July 2016
|Worth a punt at 3p ?|
|No mention of up coming sight sale. They must have enough by now.|
|So Here's the October 15 Report in brief :"Richland Resources Ltd, the gemstones producer and developer, today announces its quarterly operational, sales and market update for Q3 2015. All figures are unaudited.
· Approximately 156,000 carats, larger than 4mm, produced during Q3 2015 as part of production start-up and ramp-up process
· 21,628 tonnes of sapphire bearing alluvials mined and processed
· Economical cut-off size currenty set at 4mm and material smaller than 4mm in diameter is stock-piled for future sorting and grading
· Average grade of 7 carats per tonnes achieved for mined material larger than 4mm
· Current estimated cash cost per carat of less than US$3 / carat
· First sapphire parcel sale concluded in September
o 1,200 carats sold at US$14.30 per carat
· Q4 production target set at 250,000 carats
· Size and colour sorting as well as quality grading of the material mined during Q3 currently being completed in preparation for larger and ongoing parcel sales process"
So next quarter will see at least 250,000 carats produced....which will be very
profitable. Total JORC Resource is c. 100 million carats proven. This company is so undervalued & overlooked.............|
|Looking forward to October's report.|
|Marketing and Online Sales Update
-- First product display and education sessions on Capricorn Sapphire gemstones held during Hong Kong Jewellery Show (June 2015)
o 9 Potential sight holders attended Capricorn Sapphire sessions including representatives from major retail distributors and manufacturers
o Two formal site visits to Capricorn Sapphire mine to now be undertaken with a selection of parties during Q3 2015 to view operations including control of source integrity system
-- richlandgemstones.com online retail platform for fully certificated coloured gemstones and jewellery has been launched
o Selected sapphires mined to date being cut in preparation for sale on website|
|Disappointing news but at least they are able to showcase the product which should create quite a bit of interest at the next sight sale if the product is as good as they say.
|Thanks Dell, good find.|
|Play of the Week in Shares magazine http://tinyurl.com/q89dzhj|
Commenting on the announcement Bernard Olivier, CEO, of Richland Resources said: "I am very pleased to report that commercial production of sapphires has commenced following 10 months of intensive mine construction and development work. We will now conduct a staggered production ramp-up at the mine over the coming months. The success of the mine start at Capricorn Sapphire demonstrates Richland's ability to apply all its expertise and experience to new coloured gemstone operations outside of Tanzania."|
|Good call here flasher, followed this for a while but missed the recent movement.
Without the corrupt Tanzanian system holding them back they should do very well.
If its still around here in a week or so may have a few.|
|Volume up today.|
|news soon, i think.|
|Golden Gem this :-))))|
|Very exciting stuff!!!, get ready for blast off.
|World's most expensive coloured gem sells for $30m