I am pretty sure Fura know how to mine the rubies and they will certainly be able to tell the difference between a ruby and a pink sapphire. The question is can they find them in bulk.
Buying into Fura is a gamble because as you rightly point out there is doubt if they can pull it off. They have the ground, they have the experience, and they have the right contacts in the industry.
Ann: Agreement to sell remaining 50% of Balama Resources Pty Ltd, page-47
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