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Agree. Company defining news due. Looking forward to it

Nice buy straight from the bat

Nice but straight from the bat

Agree TBT. There is no way GLR will be worth £2 million when they are bringing in $1 mill gross profit per month. No way. £2 million mining mcap usually buys a few licenses that need drilling- not a 6 year producer/seller of high grade zinc.
It’s likely it will be over £10 million when it all settles down. Which will imo be the start of more value from Glenover and Ka****u. Could be £50
Mill plus mcap and many may not bat an eyelid at that

Agree. Any sniff of anything positive and I suspect this will be 1.5-2p

Nice one Scott fletcher
Over 10%

It’s not copied correctly. It’s on their website. I suspect when monies roll in that’s where CB is heading. Should be a great journey

Tradedesk- afternoon pal. Have you see Ka****u?
Looks a beast. Drilled by BHP. Not priced in either. Could be world class this project. Length of intercept huge.
https://www.galileoresources.com/ka****u_glance.htm

Agreed. Mcap is ridiculous

Sale out of the way. I can really see the plan here. BHP Billiton have already drilled 18 diamond holes Ka****u, and left it due to a he closure of their office in 1999 and not due to technical reasons. Grades highest of 53% zinc. Get the cash in. Prove this up. Extend mine life. What a cash cow this could well turn out to be. Described as world class potential and “immense”
Really looking forward to the next few months here

So that makes sense to with what CB was saying regarding the Willimite veins- you can see them.

Interesting that BHP Billiton drilled Ka****u with good results.
“18 diamond holes have been drilled by ZCCM and BHP, the majority by ZCCM were concentrated in a 150m x 50m area and confirmed the presence of shallow, high-grade willimite veins and lenses with up to 53% Zn. BHP drilled four deep diamond holes across the EW extent of Ka****u, the best holes were KDH2 and KDH3, drilled 150m apart near the ZCCM holes to 251m and 227m respectively, and are two of the best holes drilled on the project. “

Chaz- glad you put the “after researching” and not buying on my say so. I have been adding after researching. Personally I think this is worth sticking with until next year after Ka****u has been proven up- if that is the plan. Vanadium credits and should extend the mine life and would hope CB uses the cash flow to pay for this. It’s a million per month or there abouts. If they can extend mine life to say 25 years that’s £200 million ish gross profit.
Seriously undervalued

Me too. With offtake and mining license 5 bags from here imo

Looking good.

Blue now. Any volume and we r off

Agree with the seller. Likely BMR have disposed of their holding and now the pressure seems off.
The numbers here stack up to a quick re rate well over £10 mill mcap short term. Suspect when revenues are coming in and we get more news on ki****u then more like £20 mill plus mcap.

Disagree completely. Mining license is pretty much a given as its small scale- dig, crush and ship. And government get a royalty too.
Offtake news will re rate this and I suspect that will happen any time now

JLP has an mcap some 20x this. The predicted revenues and profit for the zinc processing will be the highest earner for each company so far. But the biggest riser on the back of this will be GLR imo as the mcap is far lower

Yep. But cash flow here will be immense compared to peers. Normally companies valued on multiples of earnings. If they are getting near £10 million per year then at £2 mill mcap that’s a fraction of earnings, not a multiple. Should and imo will be much higher