Great feedback and thanks for posting. It definitely sounds like...

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webbj

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23/04/25

13:10

Post #: 78776478
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Originally posted by nuveau riche ↑

I called and had a good chat earlier today with Michael Denny, the explorations manager at GIBB.

My take on the conversation.

1) Gold is very much the priority as would be expected with gold at all-time highs.

2) Only 10 business days until the Small Mine Operation Permit should be decided on under W.A. Government guidelines.

3) Fancy yellow diamond prices should have held up well, compared to the fall in value of clear diamonds, with the
recent greater acceptance of synthetic clear diamonds.

4) The cachet of Gibb's fancy yellow diamonds needs to be well marketed as a unique natural Australian product
to achieve the premium price they deserve.

5) Both the gravels and stockpiles will likely be targeted in the initial stages when Edjudina gets underway with the
profits from Ellendale.

6) I will be buying a nice big yellow diamond engagement ring for my soon-to-be new trophy wife, with my profits, when all this
comes to fruition

I have been in Gibb since POZ days and have been accumulating, as funds allowed, over the past months,
as to me it currently seems particularly unloved and unappreciated, despite having excellent assets which
can, and will be, exploited by simple low capex mining techniques.

I personally feel Jim and the team at Gibb are very near to unlocking some of the true value of this stock for shareholders.

Good luck to all holders!

Expand

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.

Originally posted by vig009 ↑

24,000 Oz Au = $129,600,000 (AUD) based on Current Gold Prices.

Running a gold mining business involves significant upfront costs, from acquiring the necessary mining rights and permits to investing in the equipment and infrastructure required for extraction and processing. However, the ongoing operational expenses are equally critical to the long-term viability of the operation.

Question : will GIBB be able to go it alone? or will it need a JV?
Capital raising seems to be on the cards, but what will the price be? will existing holders get a "discount" on new shares?

Yes, exciting times ahead, just hope Jim and team make the right call from this point foward.

V

Expand

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.

GIB Price at posting: 3.8¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 4.0¢		Change 0.000(0.00%)		Mkt cap ! $8.580M

Open	High	Low	Value	Volume
4.0¢	4.0¢	4.0¢	$931	23.27K

Buyers (Bids)

No.	Vol.	Price($)
1	26729	4.0¢

Sellers (Offers)

Price($)	Vol.	No.
4.2¢	222222	1

View Market Depth

No.	Vol.	Price($)
1	26729	0.040
1	120641	0.032
1	160000	0.031
1	50000	0.030
1	29000	0.028

Price($)	Vol.	No.
0.042	222222	1
0.044	25000	1
0.045	39000	1
0.049	32000	1
0.050	156162	2

Last trade - 10.28am 28/07/2025 (20 minute delay)

GIB (ASX) Chart

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