GIB 0.00% 3.7¢ gibb river diamonds limited

Thanks Vig, unless the results are so poor it makes the project...

  1. 992 Posts.
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    Thanks Vig, unless the results are so poor it makes the project untenable!
    Though having seen the diamonds from Blina it should be good assuming costs are OK.
    The Alluvials close to the E9 pipe do contain diamonds and probably higher grade, though would take some time for mining approvals.
    The previous owner just started work on some of these in the weeks before closure in 2015.
    The E9 pipe will probably require "newer" technology rather than basic open cut to be profitable. There are a couple of new mining methods that may work. E4 pipe needs an improved diamond market as a lot less Fancy Yellow diamonds.

 
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