Exactly. Compare the valuation of GAL to FME and POD who have much higher grade assays and existing JORC resource.
FME = $57.5M
POD = $111.8M
The existing GAL resource is low tonnage and grade Ni/Co - not worth even discussing.
If Julian Hanna finds the source to the mineralisation at Mt Alexander, the potential re-rate is scintillating.
