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Seems the delist news in Canada well and truly absorbed by the market now, closed equivalent of £1.12.

Having brushed that off, together with precious metals breaking out again, I'm expecting a decent rerate upwards from here.

We then have main market move to look forward to. Once that happens, at the subsequent quarterly review it'll comfortably leapfrog straight into the FTSE250, where there'll be a wall of tracker fund money awaiting. At that point we're into blue sky territory.

GLA

You'll be seeing more of these. As we motor to towards production and full scale up as the year progresses, it won't be long before we are looking at a significantly higher valuation. By Q4 this will be unstoppable. Enjoy the ride. GL

Often notice an inverse relationship between how busy a board is and the quality of company being discussed. Frankly most companies getting the most comments here each day tend to be pretty woeful. I'm sure the reverse is true. RUA is so far below the radar, you sense very few even know about it, despite the fundamentals arguably never being better.

In the presentation, the CEO specifically said they don't intend to increase the share count after the Andacollo acquisition, which takes us to 573.5m

in issue, so zero dilution beyond that.

It's worth tracking back. The initial Chile acquisition (Indiana) was backed by cornerstone investors like Eric Sprott who put in cash to get that project largely to production next quarter. The company then used that as a springboard to acquire the monster Andacollo project.

As Anadcollo was already a mine, albeit dormant for a while, the capex required largely going towards getting existing equipment functional, rather than your typical greenfield project where they have to start from scratch with everything from a mill downwards. They do need a crusher. CEO mentioned a ballpark to point of production of ~$40m. He intends to borrow for this part, not resort to equity. Management aligned with regular shareholders.

Looks like an extremely good deal, acquiring the brand for only £1.4m, and out of admin of course means it's shorn of any liabilities. Management being nimble like this and taking advantage of those opportunities when they arise what you want to see.

SP wise looks like we could be into breakout territory here, and no wonder.

Interestingly RPI saw a monster move today. Just like here, JPM has the biggest short position of anyone. They can't have anticipated it doing 35%+ in a day.

Great to see those gold production targets for the flagship Andacollo confirmed.

• ~20-30 koz Au in 2026 (from Q3 2026 start).

• ~60-80 koz Au in 2027

• Then annual production of 70-90k oz.

They confirm also Indiana site set to enter production in H1 with PEA coming soon.

If we take Andacollo gold production alone, then apply a conservative gold price of $4.5k, we would be looking at revenue figs of

• 2026 (20-30k oz) $90-135m

• 2027 (60-80k oz) $270-360m

• Then (70-90k oz) $315-405m

From Andacollo gold alone. Not including its copper (its only 100m from Teck's copper mine), or anything from the NI joint venture, or the Indiana property. At $4.5k gold.

Https://galantas.com/investors/presentations/

Number one of FTSE250 currently and larger market cap than bottom 10 of current FTSE100, which would be enough to secure the promotion as things stand. Looks good for final ranking day next month.

With plenty of FTSE names getting smashed to bits by coming AI storm, you just know you're safe with this one.

With confirmation the company will be entering production from both Indiana and Anacollo properties in Chile, worth putting some numbers together.

(I'm excluding UK properties here, anything that comes from them a bonus on top of this).

With final share count confirmed as 573.5m, at 17p our market cap is £97.5m or $132m.

This year we are targeting 20k oz, at $5k gold we know that's $100m revenue.

Into next year we expect 70-90k oz.

Let's take the average of 80k. AISC to be confirmed but let's be conservative and put it at a relatively high $1800/oz.

80k oz x ($5000-$1800) = $256m free cashflow. In 12 months.

Our projected free cashflow alone next year looks set to be nearly double today's market cap.

No fundraises, he specifically said now closing on the Andacollo transaction share count won't increase.

Worth watching the rest of the presentation - the company is almost entirely pivoting to Chile to become a producer, so that was the focus of presentation. He's talked about Omagh before, Chile was the new development since last time. Ocean Partners largely will be the ones take forward Omagh, if I recall correctly they're pumping millions into it, with us as co-owners.

To be frank about it, the NI/Scottish projects are a bit of a rounding error for the plc now because the Indiana/Andacollo have become the big story.

It's these properties that contain millions of ounces of gold and that promise to generate significant cashflow in the short term.

Lol I'm sure there's a rule that every board must have a quota of at least one nutter.

I almost feel sorry for that one, year after year only ever posting about that one company, but if he'd just bought a year ago at 2p instead of endlessly slating it in various ways, he could have had an 8 bagger. For me he's an ideal inverse indicator.

I think traders and nutters covers just about everyone on these boards mate

No question these are giant numbers. Minimal capex/dilution, fully funded, resource expansion opportunity in every direction of the property, untapped copper resource in addition to the gold, this ticks every box for me. Priced lower than a large number of explorers you see - yet this is a near term producer.

Big takeaway for me is Anacollo acquisition on track and targeting production this year. Indiana site expecting to be in production too.

He is expecting to produce 20k oz this year! At $5k gold we would be looking at $100,000,000 revenue.

Into next year and beyond expects 70-90k oz annually. Longer term potential for 6 figure ounces.

Available on Youtube now too.

https://www.youtube.com/watch?v=YU9Li8O14DU

All a case of marketing. Absolutely everyone who bought these any time in last 12 months has done well here, but it's striking it's happened with so little coverage and UK retail interest. Only have to look at this board to see how underrated the stock is, despite a blockbuster 12 months. Few know this name, for now, tends to be ideal time to accumulate.

Suspect as we start getting assay results through they'll put the story out there more. Already seeing more activity on X. GL

The insane thing is we already have a 517,000 oz JORC compliant resource. That's more than $3bn worth of gold, only from near surface.

Now after banking that £2.1m they are in a position to drill at depth properly for the first time.

With results due this quarter, could be game changing.

A few certainly got mugged selling on open, but there is a sense from this update the company have genuinely turned a corner here. Traders will come and go, value will always out in the end.

This used to be RiverFort Global Opportunities didn't it. They took private the bit of that business that actually had a value effectively for free, a scandal at the time. Then reversed the shell randomly into the notoriously difficult food business.

Web of connections to Pires which became Mindflair which has a fantasy NAV from being invested only in Sure Valley Ventures which itself has more red flags than a CCP parade. Tern similarly invested in that then when they couldn't chuck more money into that bottomless pit once shareholders finally had enough, they were classed as being default and lost even their original investment lol.

Maybe this time will be different and Tooru will defy the odds, but let's be real about this, there are some absolutely wronguns behind the scenes here.