GAL - Chart Thread, page-16

It looks oversold and investors panick selling GAL during the time LEG share price dropped from high $0.2 to $0.14. All signs look promising though.

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Fraser Range prospectivity
The company believes the Fraser Range has real value creation potential, with high-value nickel deposits, as well as the geometry and shape of the ore body lending itself to profitable mining.Underwood said there were comparable deposits in Canada within a similar jurisdiction, such as the Thompson nickel belt which contains around 140 million tonnes of resources.He said: “The difference between the Thompson nickel belt and the nickel belt in Fraser Range is the level of exploration and mining that has occurred.“We’ve just haven’t had enough time in the Fraser Range to fully develop all the resources that almost certainly exists there but need to be discovered.“That’s why we’re in the Fraser Range – there’s a huge amount of potential there."