GAL 3.70% 13.0¢ galileo mining ltd

Market cap of 100 million isn't a ridiculous goal, page-21

  1. 1,585 Posts.
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    Due to social restrictions I have too much spare time, especially waiting for assay results , so like Seth said, I do like to look forward and go through possible outcomes for valuation analysis. There is not many situations in Aus where 3/4 entities all with cross invested and interlinked sitting on a potential like Thompsan nickel belt.
    If its an eventual takeover like IGO did, that accelerates ROI. Factoring in a scenario with significant defined resource but less tenaments, ROI not as high as Sirus 90x, but still significant. If its a development story then the process would be expedited to maximise returns during Ni shortage and price growth. IMO the drilling activity suggests they are pushing hard to be in a position to capitalise on higher margins.
 
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