Ann: Drill Targets Finalised for Upcoming Drilling, page-14

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lindentree

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14/04/24

01:10

Post #: 73333075
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Originally posted by Paperbark: ↑

Now thats a very fascinating comment, no, perhaps I should say a 'dream time comment ".
You suggested below, as in your post .....; A leaky ship. What leaky ship ? as they have not yet started drilling on these newly identified targets.

Well to put it simply, do you expect the assay results to be any different from previous historical work to be any different from this Extrusive System?
I am not holding my breath that any further drilling outcomes have the possibility of determining a economic JORC. Just the opposite, same old, same old, keeps Directors and 'Non-Directors with a nice Salary all year round. ....Simple. Remember the Accounting Equation in terms of Tax Returns....

A + E = L + OE + R that is the equation I believe that most Directors work on today.

I am not saying that GAL are doing that, BUT, how would you like to be on a a Salary of $150 k/ An without having to prove your worthiness of the share holders? Uh?

Most "Professional Directors" ....... Their means of an income, rely on such ridiculous & (ignorant share holders such as us), to accept whatever they say, exploration wise or otherwise as FACT. I

Penny stocks are a 'dime a dozen' .... Will GAL become one of them in the VERY near future?

The Jimberlana System suggests to me (IMO) that there is absolutely nothing in terms of Economic Possibility (on previous assay results) in this region? Am I wrong? I am keen to hear.

But, in the meantime, Bless those who have faith for $4 - $7 SP.
GLTAH
Cheers.

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paperbark..."there is absolutely nothing in terms of Economic Possibility"

things could change with the nickel price, and i believe they work on the experts opinion of the expected nickel price at some point in the future, not the price today, so they are seem to be willing to keep on drilling and add to "resources" regardless of todays price (but is it really a resource if it becomes unminable at depth?)

they could keep on drilling deeper and define a resource grading 0.52% nickel eq to 1km depth, but wait...recoveries of the main pay minerals are only about 0.77%, so that reduces to an effective grade of 0.4%, where do they draw the line?

it's about time some experts worked out some sort of tables of depth v recoverable grade v price to take the guess work out of it for shareholders to know when these companies are just having a tug.

GAL Price at posting: 25.5¢ Sentiment: None Disclosure: Not Held
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