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On a positive note this will massively de-risk the projects and bring them to production sooner, so a bit of short term pain for not so long term gain.

I was not expecting this after the CEO said only last week that they would raise funds via debt rather by equity. It will be interesting to see how the market reacts, although in the long term a positive for the company.

Could do, but the company have said assays will be released every 4-5 weeks

Next assays are due late May / early June.

I would say timing wise now is the sweet spot for investing…by the time this in meaningful production in 6-9 months’ time we will be at multiples of where we are now.

Amongst many great things about Galantas, the fact that 75% of the shares are held tightly can only help with the share price. The demand for this share when the market gets wind of it will be sky high. Strap yourselves in for the ride folks.

Totally agree NHM21 - as mentioned in another post I believe this could be a 10 bagger in 2-3 years. Quite possible for it to be a 5 bagger within a year. The size of asset, with low OPEX and relatively low CAPEX (to be financed by debt most likely), is quite amazing for a junior minor. Only 6 months or so away from meaningful production. Frankly it’s a dream opportunity.

Up to 0.62 CAD - we may end the week as we started it at this rate

Give this 2-3 years and we are looking at a serious gold producer. We could easily 10 bag from here.

Whilst speculative those figures will probably not be miles away - if anything the AISC could be less, at Andacollo especially, given the Rio2 comparison.

Strange - I bought my GAL shares through ii

I doubt very much there is a fund raise imminent as they just received a few million following Sprot exercising his warrants recently. The change in share price is simply a reflection that the share on TSX is now trading again having been suspended for 4 months. The share price at suspension was 0.23 CAD and it’s now 0.44 CAD, so actually a big increase. 6-12

months from now the share will be trading at a few multiples of where it is now if the company delivers on what they are expecting to.

This is an excellent article that highlights what an exceptional asset Galantas are acquiring: https://discoveryalert.com.au/galantas-andacollo-oro-heap-leach-gold-resource-chile-2026/

Plus potential for further significant amounts of gold as well as copper. Exciting times ahead as the share becomes available to trade again on Toronto Stock Exchange. We shouldn’t forget Indiana either which could become significant in its own right.

Agree with all of that Globex. This should be worth listening to: https://www.virtualinvestorconferences.com/wcc/eh/4814904/lp/5333567/galantas-gold-corp-otcid-galkf-tsxv-gal?utm_source=Email%20marketing&utm_medium=email&utm_campaign=VIC_Precious%20Metals%20May%205-7%20Invite%202&utm_term=VIEW%20THE%20AGENDA%20-%20REGISTER%20NOW&utm_content=VIC_Precious%20Metals%20May%205-7%20Invite%202%20CID_04a80e6a0288d8654867cda26d6a0942

Https://galantas.com/news/galantas-gold-announces-updated-mineral-resource-estimate-at-andacollo-project-and-provides-notice-of-meeting-and-record-date/

This all looks very encouraging. Around 6moz of gold plus potential for more as well as copper. The next few days should be exciting with the Canadian market lapping this up. And then we also have Indiana…this will become a mid cap very soon.

Will be very interesting to see how the Canadian market reacts to the pending Andacollo transaction! GLA

Overall resource will be close to 1BUSD based on current metal prices. The recovery rate will be key especially for gold and gallium which will drive the greatest value, but even if 50% recovery rate that will still be excellent for a company valued at 6-7MUSD!

Great results and huge potential with little risk attached. However, this is highly unlikely to be in production by the end of this year - more likely by end of 2027.

Yes, MRE is due this quarter as is CSE listing