Written by Mark Gordon, Mustang Resources (ASX: MUS)
Ruby markets growing: Mustang is ideally placed to take advantage of growth in the global ruby market – this has been limited in the past by scarcity and unreliability of supply, however the discovery of Montepuez and original production by Gemfields has brought certainty into the markets, with wholesalers and producers now looking to capitalise on this, and to develop a stable, mature market similar to that set up historically by De Beers for diamonds.
