Ann: Sale of Option Over Ellendale Diamond Project, page-4

Wow lots to take in

I think this is a very strategic and smart move by GIB and significantly de risks their future whilst still providing decent exposure to the diamonds, the 16m shares assuming full excersize of the option by BDM could be worth significantly higher than GIB's current $17m m/c, potentially even multiples of it in time.

Would be nice if GIB/BDM relationship plays out like DGO/DEG relationship..... (Where one drags the other higher)

Based on what I have seen in recent investor presentations, BDM looks like a serious player and their intentions are quite clear they want to be a significant mid cap player in the diamond industry, they have an excellent management team that's also passionate and driven.

My first impression must be that JR sees something very very special in Edjudina to focus soley 100% on that, it also gives them the ability to drill the crap out of Edjudina without running low in cash.

DYOR