GAL 2.94% 17.5¢ galileo mining ltd

$1 Party, page-49

  1. 9,161 Posts.
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    Markyboy49
    great research !

    due to the rise in commodities Ann on update NPV
    8%@$712 mill as a start.
    deep drilling with more grades this could be a monster.


    Geological review underway at Mt Thirsty following recent discovery by Galileo Mining Ltd (ASX:GAL) Galileo’s Callisto discovery only 200 metres from northern tenement boundary held by the MTJV Continuity of the prospective mineralised horizon onto MTJV tenure supported by lithology & geophysics  Prospective mineralised horizon remains untested with a further 1.5km extending onto MTJV tenure Program of Work application underway with DMIRS to support maiden 2,000 metre drill campaign Maiden drill campaign expected to begin within the next 6-8 weeks, and taking 4 weeks to complete Broader regional geological review underway assessing nickel sulphide and LCT pegmatite potential Review of options to support the next development phase of the existing Mt Thirsty resource continueso Previously released PFS completed during a period of subdued commodity prices1o Under recent spot pricing the project would generate a pre-tax NPV 8% of $712 million1
 
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