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incredibly low Oiltap posted perfectly not so long ago all the Irons in the fire GLR have got. Just one of their assets in Star Zinc is worth more than 10x this Market cap. Would be investors may be wary that this is a pump and dump. buys are outnumbering sells by nearly 10:1, but the cash value is hardly life changing so not worth anyone's while "dumping". The SP increase here is because of the sound fundamentals of the company and its assets not being factored into the SP yet and a re rate should be imminent

well done Mont! this has the legs for sure. I have a lot of American shares so looking to offload some tonight and buy back in here tomorrow while they are an absolute bargain.

just tried topping up with II and its struggling. must be a lot of people doing the same

haha me too. Maybe Topi should change his name to something more subtle than "ReturnofTopi"..............seems like he knows how to predict a good share though

Buys are dwarfing sells today. Yesterday buys were roughly twice the sells. today buys are 7 or 8 times that of sells. People are setting up for the ride

you could call it comparing apples and oranges. However over at GGP they are going through a feasibility study of gold in various sites in Australia and are sat on what looks to be a huge amount. Interestingly their site also doesn't have a licence to mine also (like Star zinc) so they are in the same predicament but are confident in getting it, just as GLR are confident in getting theirs so there are similarities. what's more interesting is, it seems the NPV of GGP's sites is being reflected in its share price , however GLR's currently is not. The formula for calculating this is the same and based on the same principles for an open caste mine. So with a peer comparison such as this it makes it even more exciting for the re rate, which takes into account the NPV of GLR's assets. This is going to blow even without the licence. Then when it is granted who knows where it could go.

we need a nice rise each day to settle potential investors nerves. usually a resistance point becomes a good hold. personally in confident in GLR. I haven't come across anywhere else where you are literally picking up rich ore off the ground and could throw it to a refinery.

thank you Timber, very much appreciated. glad to know some investors have some decency and help others. GL

does anyone know what RNS contains the information that shows that the Havarion site has a licence to open up a mine, I cant find it (Drilling and exploration is separate). Also they should have an agreement with the Australian government somewhere to show that the land owners can take the royal metals, I cant find that either. these are essential as far as my research shows. can anyone help on the matter as whatever is in the ground is useless without them

Absolutely right Oil....I was being conservative and even then just shows what a fantastic resource star zinc is on its own. If research the Skorbion Zinc mine in Namibia and there's a paper on it from the 70s that states the ore is a particular type of high grade that doesn't need smelting it can be chemically leeched which is far cheaper process, star zinc is of the same if not better quality ore and it's closer to the surface.incredibly excited over this

558m shares with $60000000 over 6years revenue
https://galileoresources.com/investors/rns/star-zinc-project-update-7/
He above Rns states $9.1m outlay estimate....so call it $10m to be safe.

"...IRR 77%" ......so
($50000000 x 77%) ÷ 558m shares = $0.069
Exchange rate $1.24 to £1

= 5.5p.....hence 10 bagger. Just need this permit

thanks rkama

it just doesn't make sense. hugely superior drill results than Sol yet the Sp never moved positively. there must have been some other influence on the Sol sp other than at the time what were considered excellent results #

Afternoon all, I have recently joined LSE but have been an Aim trader for a couple of years. in here on average of 8.5p. I was wondering if anyone can help with some research I was doing on comparing GGP to its peer Sol Gold. looking at Sol in July 16, something made it go from 3p a share to 27p ny November. looking at their RNS for 6th July they released drill results in Ecuador Cacabel site
https://www.rns-pdf.londonstockexchange.com/rns/4127D_-2016-7-6.pdf
they quote data along the lines of 0.36g/t Au up to 0.89g/t Au in some holes.

GGP have just released results quoting up to 4.4g/t . so why not the same reaction if these results are far better than Sol in July 16

which at the time they quote were some of the best ever published