Just to add (although I have said this before) if GAL can confirm the huge potential of their Callisto PGE discovery (as well as their other two nearby Norseman prospects) towards the end of this year, and CNJ can do the same with the MTJV R63/4 tenment (which appears simply be an extension of the Callisto strike, why woudn't it be?), I think that IGO might takeover GAL entirely, (IGO already owns 8.9% of GAL), or at the very least take a majority share in GAL.
As part of this major move by IGO, and if CNJ have indeed also confirmed the potential of the MTJV R63/4 tenement towards the end of this year, I can well imagine IGO buying out the entire MTJV Project (although they may only be interested in the R63/4 tenment, which looks like being the jewel in the crown).
Having said this, the MTJV Project is already a JORC proven Cobalt/Nickel resource (with PFS), and IGO is already agressively looking to secure key battery materials (nickel and cobalt) due to the impact of the Russian invasion of the Ukraine and the resultant banning of Russian exports of nickel, cobalt (and other commodities).
Just for the record:
Mark Creasy now owns a 26.35% stake in GAL and IGO owns a 8.9% stake in GAL i.e. together they already hold 35.25% of GAL.
Mark Creasy also has a 9.6% stake in IGO.
I will therefore be on the lookout for possible "substantial shareholder" notices from Mark Creasy, and/or GAL, and/or IGO over the coming days weeks and months, or at the very least, the possible appearance of Mark Creasy, and/or GAL, and/or IGO on CNJ's top 20 shareholder list, when it is next updated i.e. after the recent RI.
In this latter regard, I would very much appreciate it if someone on this forum could publish the very latest CNJ top 20 shareholder list as it now stands i.e. after the recently completed RI.
Many thanks and cheers!
p.s. it goes without saying that if CNJ were to confirm the huge potential of one of more of their East Greenland prospects, IGO would probably also very very interested in a JV or a buyout of CNJ. Here again, "substantial shareholder" notices from Mark Creasy, and/or GAL, and/or IGO, and/or the appearance of Mark Creasy, and/or GAL, and/or IGO on CNJ's top 20 shareholder list, will probably give us the first indications of early strategic "manoeuvrings"
Cheers.
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