Member Info for Crabbo

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UrahUnPrivate

Does anyone know if you can watch the auctions online?

I believe the Tanzanite One resource was 63-83m carats. The SP hit 94p odd. Gemfields offered to buy them for £45m. Based off this ( and i hope they offer again) URAH could be worth 119-183m (as a buyout). At the time avg price per carat was $12 for tanzanite gems.

Net debt is Eur24m.....

Does anyone know what this company was sold for?

A labour victory has been priced in. Read Berenberg's latest note. Also, our UK assets are a fraction of the whole portfolio. So has almost no further impact to earnings. All growth is coming elsewhere.

Duster - is it 3m tonnes or 3m carats? I was under the impression it was carats?

Anyone else had the chat go down?

No. the 29m carats refers to our initial JORC resource.

Ok thanks!

Please tell me if I'm wrong (as anything above is fantastic news) but their estimation on average is c.£9 a carat?

Why are they targeting a low production rate for decades? surely, they ramp up production after a few years?

From this interview - he states they will mine c.3m carats a year. decade on the 29m resource.... "be open for decades" - on the 1667-344m . I cant see them mining 3m a year?

Gemfields mined 37.2m carats last year.

Any thoughts?

Remember, we own 76% of the fields.

by my estimates. from 29-168-344. With an average price of a carat of £9. profit will equal 155-896-1,835 m.

Also mate, if you actually read the tweet, you'd see the answer at the bottom...

For your homework this afternoon please read the following. I will test you tomorrow morning. https://www.investopedia.com/ask/answers/070314/how-do-i-calculate-pe-ratio-company.asp

I didn't

Wow I'm almost as bad as you!

Eur342.51m market cap even.

3.4 p/e

Crikey lad.
Net earnings = 275,482. *365 = 100,550,930 a year. Market cap of 310.74m
Equals a p/e of c.3.1,

They also posted their net cash for the year a couple weeks ago...
If you still think its 1.2. Maybe you should lump?

Its not a PE of 1...

BffJill - where is he going wrong in his calculations?