PHOSPHATE PROJECT- 53Mt at 16% P2O5-Development Ready

Massive buy

Just like AEV and CXM GIB has an unloved phosphate project ready to be brought into production. GIB hasn't run yet might be time to catchup.
Not as large a deposit as AEV but closer to the coast as may present a cheaper development opportunity. I think the deposit has a high grade core.
Bit of reading here
http://www.gibbriverdiamonds.com/irm/content/highland-plains-northern-territory-australia1.aspx?RID=388&RedirectCount=1



Highland Plains, Northern Territory, Australia Project overviewThe Highland Plains rock phosphate project in the Northern Territory is located close to Australia’s northern coast and to Asian markets. With a JORC Inferred Resource of 53 million tonnes at 16% P2O5, the project is targeting the production and sale of 1 to 3 million tonnes per annum of premium grade rock phosphate using a slurry pipeline for transport to produce the lowest-operational cost export product in Australia.The Highland Plains project comprises 36.9 km2 of tenements which are 100% owned by Gibb River Diamonds Limited with no private royalties payable. The project consists of one granted exploration lease. Positive metallurgical test work results so far have established a method of beneficiation with excellent recoveries. The best flotation test to date gives a grade of 32.3% P2O5 (upgraded from P2O5 ) at 75% recovery of phosphate. Highland Plains phosphate has low levels of the contaminants C (0.2%), S (0.06%), F (1.82%), Cl (112ppm), Cd (4ppm) and U (38ppm).