GIB gibb river diamonds limited

Ann: Edjudina Gold Project - Mining Proposal Permitting Lodged, page-6

  1. 5,071 Posts.
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    Great feedback and thanks for posting. It definitely sounds like they are working behind the scenes to get the gold out of the ground imminently.

    I don't get the feeling there is any plan to mine this themselves, nor even fund it.

    There are several nearby mills and deals structured by other players where a contractor or JV partner will fund the upfront capex.

    As gold price rises further, the economics just keep improving. Literally daily at the moment!

    If your figures are correct and they have to give away half the revenue, that's still many many many multiples of the current market cap. Not to mention the company's namesake diamond assets.

    Maybe we'll learn more in the quarterly, regardless there should be lots of updates in the coming months one suspects.
 
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