If anyone can do it, it will be Fura. They do need to get an AIM listing to tap into all old Gemfields investors as the Canadians seem to not understand what Fura is doing. If they do this (it looks to be in the plans) then they will be able to get the needed cash to develop the ruby ground. It is all coming together rather nicely for Dev and his team.
I do think there is room for an ethical and transparent listed player in the gemstone market. Sure you pick up some advantages by being a private company, but you also gain some advantages by being open. Ethical supply is only going to become more important going forward and Fura is well placed to capitalise on this. As I have said for a long time someone is going to get rich off MUS's ruby ground and it looks like it will be Fura.
MUS Price at posting:
2.1¢ Sentiment: None Disclosure: Not Held
