GAL 3.57% 13.5¢ galileo mining ltd

Ann: Down Hole EM Survey Identifies Priority Drill Target, page-15

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  1. 1,379 Posts.
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    Thanks expressex. That is certainly a very valid point. I have seen metal tenor variability in many systems not least of which is Callisto but I have always attributed these to being a separate magma pulse or sulphide melt fractional crystallization and remobilisation. I remember getting my hopes up for the massive sulphide hit that followed the discovery only to end up disappointed.

    https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02581555-6A1115167&v=fc9bdb61fe50ea61f8225e24ce041a0e155a9400

    The grades I extrapolate to would be a absolute freak of an orebody and would have to assume no change to scavenging efficiency with an exceptionally efficient concentration mechanism for the formerly disseminated sulphide.

    I would be very happy with the 6X grade increase on the same tones as Callisto.

    I subscribe to the contrarian PGE bull case making the rounds at the moment and would love GAL to make a high grade discovery to play from both a discovery alpha and commodity beta perspective.

    Cheers,
    CC
 
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