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Just Energy Transition Partnership (JETP) which includes the US, Japan, Canada, UK, Norway and other European countries, have pledged a US$20B package to Indonesia to help the coal-dependent country shift to renewable energy and reach carbon neutrality by 2050.
A boon to Asiamet's fortunes for Copper and Zinc.

Workstreams are progressing for a BFS at KSK CoW, the Data Room open, Covid-19 pandemic abating in China, should lead to a renewed interest in Asiamet's other project BEUTONG and a significant revival in the share price.

IamGold released its Q3 financial and production numbers this week reporting revenues of US$343.3m and a net loss of $108.3m. The company are on the hunt for funds to push their Cote Gold Project over the construction finish line.
At the end of September, the Cote project was 64% complete aiming for first gold pour and the start of mining in early 2024.
The company is selling its 95% ownership in the Rosebel Gold Mine in Suriname to the Chinese for US$360m but say this not enough to fund Cote through to completion. They are still evaluating further options to raise cash including the sale of mineral prospects in the exploration/development pipeline in Africa.

China has eased some of it's Covid-19 rules a day after the nations new top leadership stressed the need to minimise the impact of containing the outbreaks on the world's second largest economy. Some of the new rules include, shorter quarantine time for close contacts of cases and for inbound travellers.
Canada has initiated a crackdown on investments in the country's critical minerals making it harder for state-owned enterprises to pursue takeovers or invest in the industry. Canada's stance triggered action last week when Chinese firm's were ordered by the government to divest from three small battery metal explorers.
With the Chinese easing Covid-19 restrictions to reinvigorate their economy, places such as Canada making more difficult to source metals critical essential to the energy transition, China may well have to focus it's attentions closer to home.

Or maybe, the more interest from elsewhere, the better.

My understanding is the Cadastre have limited the number of licences for any single company to five.
The upside to this could be, companies with more than five, some claim to have fifty or more, will have to relinquish or dispose of the surplus. Meaning licences brought back to the market somewhat reluctantly no doubt.
Opportunity becons. Galileo is well positioned and has cash to benefit from this.

Difficult to put a value on an exploration company at the best of times let alone in these market conditions and at the end of the day, that old adage 'something is only worth what someone is willing to pay for it', seems poignant.
However, from a previous posting, Harmony Gold's acquisition of Copper Mountain Mining's Eva project in Australia in a deal worth US$230m, accepting a host of variables, could be used as a comparitor giving Beutong an equivalent valuation of US$803m.
The KSK CoW Bankable Feasibilty Study is nearing completion and an updated NPV will add more value being a milestone or turning point in Asiamet's fortunes.
DOID has achieved it's highest quarterly revenues to date. Ebitda surpassed US$100m ($109m - Q3) for the first time in the company's history and is well on target to exceed forecast FY Ebitda of between $320m - $380m.
DOID have spent the past year with an extended Due Dilligence and follow-up, are still very much in the frame, and once the BFS is completed, will make their move.
Given the massive disconnect between today's figures (m/caps) and any realistic valuation, DOID have seen fit to increase their stake in Asiamet to 24.2% with a provision for US$5m to increase their stake further by the 1st Jan'23 if not before.
Are DOID taking advantage of the bargain basement valuations while they still can, or are they increasing their stake in an attempt to ward-off and deter a possible predator who may also be interested in these assets at this opportune time.
Probably both.

All imo. Dyor.

Let's hope you mean 'dark horse' and not 'black sheep'.

Shinganda, fire assays for Gold and an update on the prospects for an IOCG style deposit. But they would need to be quick, as an update on Luansobe is not far off.
Both have 'game changer' possibilities imo.

6 km long greenstone gold target, 1.5 km long nickel target, plus others for starters, on a 1108 sq km licence area, in a country that's had next to zero exploration in the last 40 years.
With over 4000 recorded gold deposits, Zimbabwe out ranks the USA, China, Australia, Canada and Brazil for number of deposits per sq km.
The Freda Rebecca mine was the last major gold discovery in 1984.

........is starting to gather momentum.

Sp is up 40% since early August.

CASH
A further £5.2M is to be added to the coffers for a total of circa £8M+ putting Galileo in an exceptional position for a junior explorer/developer at this time.

REVENUES
Luansobe (copper) is on course for mining operations to commence early next year. Resource drilling to be completed in 2-3 weeks, open-pit outlined and defined etc, ore trucked to the plant nearby for processing.
Kash itu (zinc) is in a similar position to the above with the prospect <5km from the Sable processing plant should this become the preferred route to market.
As a producer with regular income, the company will draw-in another type of investor who's interests are free cash-flow, forecast earnings, p/e ratio's and so forth.

EXPLORATION
Shinganda (copper) outstanding first pass drill results with grades up to 11.31% Cu over an intercept of 50.3m has already attracted outside interest. Specialist consultants have come in, on a shared cost basis, to test for an IOCG type deposit.
KCB is rapidly becoming a regional hotspot.
Bulawayo, now has two commodities, Gold and Nickel Sulphide (battery metal). Drilling about to commence for each metal.
Kamativi Tin Mine is generating a lot of interest and enthusiasm both from the Government and locally. The mine employed 3000 people in it's heyday before it closed due to poor tin prices in 1994, with little (employment) to replace it since.
The JV partners/operators are making every effort to bring the mine back to production including the provision for the construction of processing facilities at the site. Galileo's licence is adjacent to and along strike from the mine site.

NEWSFLOW
With up to 8 prospects for commodities Copper, Lithium, Nickel, Gold, Tin, Zinc all active and running concurrent, there will be no shortage in newsflow.

Vale CEO said on Friday the company is looking to separate the Copper and Nickel part of the business from the Iron ore as the two have different growth prospects. There is "huge growth" in base metals whereas iron ore is a mature business. Vale, once the world's top producer of iron ore, said global demand for copper and nickel should increase 20% and 44% respectively by 2030. The plan is to grow the base metal section to equal today's m/cap of US$66B then spin it out with an IPO.
A new report from Wood Mackenzie estimates copper supply needs to increase by 30% over the next 10 years to meet demand. The equivalent of one new Escondida (the world's largest copper mine) every year.
Trafigura, the metals and minerals trading group, said the energy transition and tight supplies will drive a rebound in copper prices, with stockpiles set to shrink to less than 3 days of global consumption by the end of the year.

The tailings are on the mine site. Galileo's licence is for the adjacent property.
Further, Galileo's 520 sq km licence area also has a redundant copper mine reputed to be of VMS type/style mineralisation.

In April'18 Canadian Chimata Gold drilled the Kamativi Tin Mine tailings extensively for 75 holes and 1500m, 70% of which is spodumene for a resource estimate of 26mt @ 0.58% Li2o (range 0.29% - 1.13% Li2o). Using the HLS process, concentrate of 96% spodumene (6.68% Li2o) was produced for a saleable product.
More recently an off-take agreement for US$9.5M has been arranged for Plant Processing at the site.

IAMGOLD have just sold their Rosebel Mine for US$360M to the Chinese.
They are committed to liquidating assets to fund the Cote project.
Senala could be next.

..........has just left the station.
With multiple projects, all active for Copper, Lithium, Nickle Sulphide, Gold, Tin and Zinc.
Full steam ahead for the journey of a lifetime, you know, this train.

Listen to today's podcast, a must.

No I didn't, that's where the Gold is kept.

........is about to leave the station.
Fully loaded with Copper, Lithium, Nickel Sulphide, Gold and Zinc, bound for fame and fortune.

Or maybe an RNS is the better course.

A Major mining company taking an interest in a project licenced to a junior like Galileo sounds like dynamite to me.