GIB's balance sheet is sound with very good potential for each project/activity to deliver significant uplift in SP/MC in FY23.
GIB must be the only (or one of a few) ASX explorers that was self funded in past 12 months and on a look forward this appears to be so for FY23.
Balance sheet & self funding capacity are great reasons to accumulate (T20 have in the main done so) especially if you have strong belief in your ground/strategies (some 100% owned or in JV or potential JV discussion or under conditional sale contract).
Looking forward to some SPECIAL outcomes in FY23 and hopefully news of a PHOSPHATE JV to kick start Q2 and positive results from EDJUDINA & ERAHEADY.
Ann: Annual Report to shareholders, page-5
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