Hi Super G,
GIB's number one objective is to drill as many holes as possible at edjudina, there is no point doing a mineral resource estimate yet because they simply haven't fully defined the Neta deposit yet. It is changing with each drilling campaign, hence doing a resource estimate too early would render it obsolete rather quickly which would make it a waste of money and time.
You do one when you have a complete picture of the deposit, ie when you can satisfactorily say it is closed off in all directions. Currently Neta is still open at depth and with the recent phase 4 drilling GIB discovered the Morphy lode on the eastern edge of Neta
I would rather them spend their funds on additional drilling and keep finding ounces of gold and hopefully finding additional Neta look alikes. This is where the uplift in SP will come from.
Cheers
- Forums
- ASX - By Stock
- GIB
- Ann: Completion of Phase 5 Drilling at Edjudina Gold Project
Ann: Completion of Phase 5 Drilling at Edjudina Gold Project, page-30
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GIB (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.151M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2720 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.5¢ | 141729 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2720 | 0.038 |
1 | 32000 | 0.031 |
1 | 11000 | 0.022 |
1 | 27000 | 0.020 |
1 | 150000 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 141729 | 3 |
0.049 | 27815 | 2 |
0.050 | 117500 | 1 |
0.070 | 30000 | 1 |
0.079 | 22000 | 1 |
Last trade - 15.00pm 07/10/2024 (20 minute delay) ? |
Featured News
GIB (ASX) Chart |
Day chart unavailable