RE: Quin8 Dec 2017 12:53
Indeed, with Australia so hot on so many fronts we have a phenomenal team on the ground who all take salary in shares, we have the infrastructure, the connections so I really can't understand why we aren't being aggressive in the market building a portfolio. QLD has some fantastic high grade gold deposits and we all know Aussie gold is super hot right now! There are other mineral plays out there in the region and I just feel we are missing something big here if we just stick with sapphires, there is so much more that can be achieved.
Don't get me wrong Sapphires are fantastic (if only we were profitable!) but with exploration plays for gold being so lucrative, why not go down this route as well?!
If I was running the show I would stop production and get all that stockpile sold, we have a bloody huge amount of cut and uncut stones that are worth a loooot of money, Just take a look at the website with some cut stones being sold for above $1000 per carat and i'm estimating we have around 10,000 carats so you can see where this gets juicy.
For me we need to get that cash and look at some gold then we can switch off and switch on the plant with ease I would imagine? Loads of Aussie labour out there on contract so won't cost anything to temporarily close and concentrate on realising profits from stones and look at the huge opportunity in the region!
Sorry i'm just blabbering and letting off some ideas