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3.03%

16.0¢ galileo mining ltd

Market cap of 100 million isn't a ridiculous goal, page-22

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GIGAChad

4,962 Posts.

869

19/04/20

14:46

Post #: 44126422
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Originally posted by phil365: ↑

Due to social restrictions I have too much spare time, especially waiting for assay results , so like Seth said, I do like to look forward and go through possible outcomes for valuation analysis. There is not many situations in Aus where 3/4 entities all with cross invested and interlinked sitting on a potential like Thompsan nickel belt.
If its an eventual takeover like IGO did, that accelerates ROI. Factoring in a scenario with significant defined resource but less tenaments, ROI not as high as Sirus 90x, but still significant. If its a development story then the process would be expedited to maximise returns during Ni shortage and price growth. IMO the drilling activity suggests they are pushing hard to be in a position to capitalise on higher margins.

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As @Seth Davis said its fun to speculate about it, yes this is true.

I think the potential ROI ( short term ) is far better for GAL than LEG ( overvalued currently for what they have proven ) ..... but speculating on concentrators is best left for 10 years in the futrue for now.

GAL Price at posting: 24.0¢ Sentiment: Buy Disclosure: Not Held
4 Upvote

0 Great analysis

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(20min delay)
Last 16.0¢		Change -0.005(3.03%)		Mkt cap ! $31.61M

Open	High	Low	Value	Volume
16.5¢	16.5¢	16.0¢	$961	6.006K

Buyers (Bids)

No.	Vol.	Price($)
1	250	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
16.5¢	80606	3

View Market Depth

No.	Vol.	Price($)
1	250	0.160
5	157900	0.155
7	215332	0.150
1	15000	0.145
1	4000	0.130

Price($)	Vol.	No.
0.165	80606	3
0.180	80790	2
0.185	79998	1
0.190	20879	1
0.195	157867	1

Last trade - 10.24am 09/09/2024 (20 minute delay)

GAL (ASX) Chart