Member Info for sniffer78

Cheers for that we achieved $14 per cart for small parcel so high end Sapphires must me around that mark ? Colin's any ideas

http://www.weare121.com/121mininginvestment-cape-town/clients/richland-resources/ Having successfully developed the TanzaniteOne gemstone mining operation and sales channels Richland Resources took the decision to sell its operations in Tanzania during 2015 and develop a new gemstone hub in Queensland Australia. The Company has successfully redeveloped sapphire mining operations in less than a year under the ‘Capricorn Sapphire’ brand, with first gem sales held in Q4 2015. The deposit in Australia contains large quantities of blue-coloured sapphires and has also produced yellow, green and parti-colour material which would be of interest to the growing fancy colour industry.

Bernard presenting at 15.10 Cape town today

Very true, and what Bernard has achieved to date is great and DEBT free ATB

Last couple of chunky trades are buys can only see this gaining momentum as Bernard meets and greets.

Bernard in Cape Town and also attending Indaba as well as 121 mining conference. Lots and lots of meetings organised this week. ATVB

I agree fantastic news Bernard will be networking hard this week in Cape town, lots of networking and spreading the word is organised for this week ;-)

http://www.proactiveinvestors.co.uk/companies/news/122262/richland-resources-exceeds-target-as-sapphire-production-ramps-up-122262.html Richland Resources (LON:RLD) has exceeded production targets and notched up first revenues from its new sapphire operation in Queensland, Australia. The miner produced 720,000 carats in the three months to December as it continued to ramp up to full production. Over the quarter, it sold 203,000 carats of lower quality stones at a price of US$1.11 to generate revenues of US$226,000. Operational cash costs per carat of were approximately US$1, with 52,266 tonnes of sapphire-bearing alluvial gravels extracted and processed at an average grade of approximately 14 carats per tonne. Bernard Olivier, chief executive, said the group had surpassed its ramp-up production targets, with production continuing to increase at the mine. “We also managed to bring our total operational cash cost per carat down to approximately US$1 / carat during the quarter through ongoing stringent cost control. " This was the first full quarter of uninterrupted production, he said. Richland also picked two new exploration licences covering a total area of approximately 230 sq km adjacent to known sapphire producing areas

Was not expecting that nice surprise this morning. Bernard really chasing that cash cost per Carat, and ramp up continues :-)

Going to be a very exciting few months looking forward to higher end Sapphire site sales/Auction, especially as we keep driving costs down only going to help with higher end sales $$$ BOD Working hard and a experienced one at that on 50% reduction in salarys.

Commenting on the results, Chief Executive Officer, Bernard Olivier said: "I am delighted by our success during the first full quarter of production. During the last quarter of 2015 we not only surpassed our ramp-up production targets but we also achieved first revenue from the sales of our lower-quality material. We continue to ramp up operations at the Capricorn Sapphire mine as we establish a cost effective, advanced mining and sorting operation. We also managed to bring our total operational cash cost per carat down to approximately US$1 / carat during the quarter through ongoing stringent cost control. "

http://www.investegate.co.uk/richland-resources--rld-/rns/quarterly-operational-and-sales-update/201602080700082940O/ Very happy driving the costs down well done on Q4 working hard, looking forward to higher end sapphire sales :-) 720,000 is a cracking effort was expecting 375,/400,000 :-)

Bernard seems to making a big effort this week on PR etc Q1 Higher end sales is going to be the real sign of future growth

Very interesting week ahead along with Media interviews and PR I bet ;-0

Great post, What I Should of said is 18 months on and still no sign of Sapphires for Gemsfields ATB

Still no sign of Sapphires for them, what better way to enter the market than take out Richland at some point in the next 8/12 months I expect a cheeky offer imo

Also a favorite are “tutti frutti” pieces, created with rubies, emeralds and sapphires, Chaix says. Colored gemstones are having a good run in the auction world too, particularly for scarce gems like Burmese rubies and Kashmir sapphires. “We’ve seen quite dramatic price increases for exceptional stones,” Thompson says. Just last weekend, Bonham’s sold a pair of Kashmir sapphires that were said to be owned by a European princess for GBP1.5 million (US$2.3 million), topping the estimate of GBP500,000 to GBP800,000. And last week, Christie’s in Hong Kong, sold a 15.04-carat Burmese ruby for HKD142 million (US$18 million) and an Afghan Emerald for HKD17.6 million. Such big-ticket sales can make even the wealthiest of buyers pale (well, maybe not fugitive tycoons), but they merely reflect retail prices, Greenstein at the Fancy Color Research Foundation says

http://www.barrons.com/articles/fancy-colored-diamonds-to-sparkle-in-2016-1449793858

Trading at 6p last year so massive upside here, also in a better position as ramp up continues along with sales and cash as of June $3.4 million. Q4 2015 update due anytime, and higher end Sapphire sales late Q1 2016

http://www.weare121.com/121mininginvestment-cape-town/richland-resources-management-interview/ http://www.weare121.com/121mininginvestment-cape-town/speakers/