GIB 0.00% 4.3¢ gibb river diamonds limited

Ann: Neta Lodes Target for Drilling, page-45

  1. 8,340 Posts.
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    The risking with waiting is being caught out like I was with DEG. It had been on my watch list for years and I was going to buy after the news late December. I even recommend it to some others over Christmas, but due to a lack of urgency and I never chase, it left me well and truly in it's dust.Back to GIB..........The current system at Neta Lode is roughly 100m wide(with some nice chunky lodes), put a 1 km strike on it and it is pretty impressive. That is a lot of shallow oxide oz's which will be valued very highly due to being shallow, cheap easy mining/processing and close proximity to Saracen's Carosue Dam/haul road. If phase 2 produces the goods I bet Saracen will line GIB up for a t/o, too close to Carosue Dam not to. And there is some real blue sky here with the big question what is a depth, how deep do those thick vertical lodes go.
 
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