Replies to post #3456 on Jade Art Group Inc (JADA)

[alexshiung]

Another article on She-Tai. This one is about She-Tai as the construction material and the capacity of the production line:

The largest jade decorative plate production base in Inner Mongolia, built Wulateqianqi

2010-11-08 11:03 Source: Xinhua Inner Mongolia channel
Article type: Reproduced: News

Xinhua Inner Mongolia Channel on Nov. 4 (Xinhua Zhang Yue Ping) in recent years, relying on the territory of Inner Mongolia Wulateqianqi large jade newly discovered mineral resources, focus on development and production of high-grade jade decorative sheet material. Currently, the production of jade decorative sheet 60,000 m2, has become the largest production base of jade plate.

It is understood that Wulateqianqi She Taiyu mine is currently the largest jade found in mines, open pit area of 6 square kilometers, reserves of 200 million cubic meters. Since last year, has introduced three Wulateqianqi jade mining enterprises, with total investment of 3 million yuan, to the present, completed eight grade jade decorative plate production line, annual production capacity of 10 million square meters, there are 28 varieties of species, the products are exported throughout the country.

In 2007, Wulateqianqi She is too big town in the Mountains, the middle of an investigation even 1815 meters above sea level on top of the hill and found a rare open the world of jade mine. According to geological experts, jade ore formed in 1800 to 2400 million years ago, this has been the geological experts jade stone jewelry experts officially designated as "She is too Jade." (End)


http://im.mofcom.gov.cn/aarticle/sjshangwudt/201011/20101107232083.html

[Shermadog]

Alex, you said:

The mining company had mined out a huge jade coming in 41 tons. It was sold to a Taiwanese customer for 80 million RMB. This October, Sales of raw stone had reached 40 million RMB. Starting now, She-Tai-Cui, like other brands of jade, will be carved into a verity of jewelry and ornaments. They will be sold to individual as private collection or to high-end gift market.

This confuses me some. Did the mining company sell that 41 ton piece of Jade, or did JADA? Or was that 80 million for a piece that was crafted? Because 80 million is close to what JADA has sold all year. Would be nice if that sale was JADA's and it posts in the 4th quarter, but that doesn't seem right. Also they said raw stone sales have reach 40 million RMB, but JADA has sold more then that this year already. And that one stone they said sold for 80 million is more. Thinking that 80 million must be a sculped piece of Shetai Jade.