GIB's diamond exposure is largely de-risked now. Especially at current mcap. Do I think the Ellendale ground GIB dealed on to BDM is economic ? I believe parts of it clearly are but other parts the jury is still out till bulk sampling is done. Northern alluvials at E9 are walk up mining targets with minimal overburn, good grades, and an excellent basket price %fancy yellows.
It is a different game now as it looks like BDM will be throwing big $$ at it(just raised $45million), economies of scale will come into play and perhaps they'll even look to re-open the pits.
Ann: Phase 4 Drilling Discovers New Gold Lodes at Edjudina, WA, page-72
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