Tuna, any new JADA contracts? Mining info looks promising, anything on partner QZTX? TIA
QZTX is located in Hui'an, QuanZhou, which has been referred to as the "city of stone carving" in China. Currently, there are approximately 150,000 jade-carving factories in China. In this province alone, there are more than 1,000 large jade carving and processing factories, which generate about US$1.5 billion in annual production.
Through this agreement, QZTX will be purchasing SheTai Jade. SheTai Jade is sourced through JST's exclusive distribution right agreement with Wulateqianqi XiKai Mining Co., Ltd. ("XiKai"), enabling JST to sell 90% of the raw jade material produced from XiKai's SheTai Jade mine for the next 50 years. The SheTai Jade mine's reserves are unique, in that they include some of the oldest (formed approximately 1.8 billion - 2.4 billion years ago) jade ore found in China and are considered to be of the highest quality in terms of rigidity and relative size of its pieces. SheTai Jade is as hard as quartz, with a degree of hardness between 7.1 and 7.3 on the Mohs scale, which is much higher than that of most jade. In addition, SheTai Jade is abrasion resistant, smooth and highly reflective. The green is pure and the gems are translucent, with a glassy luster. Due to its characteristics, SheTai Jade has a broad spectrum of applications. It can be used in commercial construction, decorative jade artwork, as well as intricately carved jade jewelry.
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