This is from Ibaera website -- clearly they rate it a good chance.
ASTUTEBUYING We invest in mine projects before they are built, before they are trulyvalued by the market, often at distressed and illiquid valuations, typically atP/NAV of less than 10%.
VALUEADDINGWe actively participate in the development of our mining projects throughto construction by providing technical advice, support and leadership and allof the required funding to develop.
EXITINGConsistentlyselling those same mine projects as robust, attractive mines either ready tocommence or already under construction, typically at P/NAV of 40% to 80%
De-risked | most importantly weare not a speculator or an explorer. We only invest in projects that havealready been technically and economically “discovered” but remain “undervalued”by an inefficient and lethargic market
