GIB 0.00% 4.1¢ gibb river diamonds limited

PHOSPHATE PROJECT- 53Mt at 16% P2O5-Development Ready, page-80

  1. 7,708 Posts.
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    Well CXM has almost doubled in the space of a week now $90m m/c, compare that to GIB's m/c of $13m

    Current Mineral Reserve for their Ardmore phosphate project in Mt Isa is 10.1 million tonnes at 30.2% P2O5. The ore Reserve is contained within the existing 16.2 million tonne Mineral Resource.

    As you can see its a smaller resource than High land Plains but higher grades..... However Highland plains can achieve improved grades The best flotation test to date gives a grade of 32.3% P2O5

    Incredible that CXM is worth 7x that of GIB
 
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