Galileo Resources Share Discussion Threads

[bradshaw980] 05/3/2023 11:26

That 5.8 million tonnes is an inferred resource. You have to take it through measured and indicated and proven and probable to start mining. Plus met work and economic studies help.

[bradshaw980] 05/3/2023 11:15

Lol yeah right

[verissimus] 05/3/2023 11:13

LUANSOBE

- Phase 1 - Production Start by end of H1 2023

- 5.8m Tonnes of ore @1% Copper

- Possible JV agreed in principle with local listed producer

- Samples being tested at Kabwe - Jubilee Platinum

- Phase 2 - start H2 - ZCCM estimate of M&I 65Mt @ 2.37% Cu Targeted for drilling


$$$$ Monetisation Count Down :-)

[goforgold1] 28/2/2023 22:33

In Colin we don't trust .

[verissimus] 28/2/2023 21:36

Dividends are becoming a real possibility. The market has not yet recognised that possibility and that presents an opportunity. With two monetisation projects this year with excellent free cashflow, monies due from Glenover, and potential JV’able assets and JV bonuses it has to be the best junior miner potential significant multi bagger on the London market.

[the bull] 28/2/2023 09:23

Nice presentation as you say. Self funding soon then, that should fire up the share price. Maybe some dividends in a few years

[gowski] 27/2/2023 13:38

I think it's worth noticing on the satellite images which tracks the lorries are turning into/heading.Read between the lines.. Looking good people imo dyor

[gb100] 26/2/2023 19:13

Well spotted Verissimus. There’s a hell of a lot of detail in that presentation and I would imagine that it is timed to precede some updates on some of the projects next week.

Let’s hope we see a volume surge here to see off this ridiculously beaten up market cap.

[verissimus] 25/2/2023 21:03

Countdown ...

[cmackay] 24/2/2023 09:22

I don't think anyone's investment rationale is "I trust Colin Bird". Its down to the fundamentals of the company, wouldn't you say?

I've noticed you post these kind of meaningless scoffing slogans consistently and quite frankly its pathetic. But as you wish.

[goforgold1] 23/2/2023 19:17

In Colin the scammer you trust.

[soulsauce] 23/2/2023 09:45

The Bull, the junior miners market is on life support. Trade volumes have dried up, there are few buyers and that coupled with some investors drifting away is causing the current malaise. It's the same across most of mine. It's dire.

[the bull] 23/2/2023 09:35

I'm guessing boredom is creeping in with some holders and they are looking to use their cash elsewhere. But having built a nice stake, I am sitting tight and trying to ignore the drifting share price Surely, when good KCB or Luansobe news hits we could add 70-100% in short space

[verissimus] 17/2/2023 16:55

28:00 onwards.

[verissimus] 16/2/2023 18:19

Nice opportunity with PL253, and recent drilling success by Cobre will influence where the drill goes in #KCB PL253. The SFR licenses previously owned by GLR on which there is a potential $80m bonuses also holds a significant multi-bag.

[gowski] 13/2/2023 20:32

To be honest I'm focusing on license 253 which intersects Cobre

[verissimus] 13/2/2023 18:19

Thaanks Gowski.

45000 tonnes ore * 5% grade * 85% recovery * 12 months = 22,950 tonnes per year
Total contained metal per RNS = 56,ooo tonnes
Life of mine = say 2.5 Years ish (was 10 without the concentrator)
Annual revenue = 22,950 * 9000 = $206m per annum
75% to GLR = $154.9m revenue 25% to Statunga
Margin should be pretty good given less haulage.

Market Cap currently £14m pounds.
Likely more to be found in the license area for open pit.
Company looking for higher grade underground aspect.

[gowski] 13/2/2023 18:07

mine 60,000 tonnes per month - concentrate to say 45,000 tonnes per month @ 5% copper.That's £20.25m of copper value per month @ $9000 - $243m of value per annum.Dyor

[verissimus] 13/2/2023 17:55

Luansobe Open Pit Calculations - anyone?

[gowski] 10/2/2023 13:41

GLR is a pressure cooker I've decided ;D