Did anyone get a refund cheque today?, page-32

Nice Stuff.

So if you look at the figures in that Scoping Study it has an NPV of around $290 million, that is based of a 32mt resource at .13% Co plus the Nickel


Galileo will be listing with a 20mt resource at .11% Co plus the Nickel, so relatively similar numbers. One could assume an NPV of say $250 million as base case.





You take GAL listing at $25 million
- minus the $15 mil cash and

= $10 million EV



So if the nearly everything stays equal and they don't find hardly anymore Cobalt or Nickel, Galileo will be trading at roughly 10% of it's smallest NPV (10% of $250 million).


That is with $15 mil in the bank to explore and do studies, seems like a no brainer based on the figures, then throw in Creasy and the boys and I only see it going one way!