Emerald prices have been under pressure but Gemfields' cost structure in Zambia still holds up against the…by @guppy_jse on $GML

Emerald prices have been under pressure but Gemfields' cost structure in Zambia still holds up against the majors. At R0.86 you're pricing in a lot of downside already, catalysts moving forward on the exploration side could shift sentiment quick. Risk reward is very compelling if you've got patience for a 12 month play.