Galileo Mining



  Our Initial Entry

Portfolio Initiation

5 Day VWAP
After Initiation

Current Price

Our Current Returns

Mar 01 2020

Our Current Returns

Galileo Mining Company Overview

πŸ“‹ About: Galileo Mining (ASX: GAL) is focused on the discovery of base metals in Western Australia. The company is exploring for large scale magmatic nickel copper deposits in the Fraser Range and for high grade nickel-copper-cobalt resources at its Norseman project.

🌏 Macro Theme: Analysts are generally expecting tailwinds for the nickel price due to increasing demand from the electric vehicle industry. The World Bank predicts that Nickel demand is guaranteed to increase by some of the most dramatic figures by tonnes.

Galileo Mining Company Milestones

βœ… Portfolio Launch
$5M Cap Raise @ 22c
IGO Group Becomes a Substantial Shareholder
βœ… $6.5M Cap Raise @26c
πŸ”² Project Funding 2
πŸ”² Project Funding 3
πŸ”² Unexpected Positive Announcement 1
πŸ”² Unexpected Positive Announcement 2

Fraser Range (Nickel)

βœ… RC Drilling Commenced (Lantern)
First Assays (Lantern)
Advanced Drill Targets Finalised (Lantern)
RC Drilling (Lantern)
βœ… Diamond Drilling (Lantern)
πŸŸ₯ Drill Results (Lantern North)
βœ… Drill Results (Lantern South)
βœ… Drill Results (Lantern East)
Further Diamond Drill Targets Finalised (Lantern East & South)
Drill Targets Defined (Delta Blues)
Drill Results (Lantern East)
🟧 Drill Results (Lantern South)
βœ… RC Drilling (Delta Blues)

🟩 Assay Results RC Drilling (Delta Blues)
πŸ”² Diamond Drilling (Delta Blues)
πŸ”² Drill Results (DB1)
πŸ”² Drill Results (DB2)
βœ… [NEW] New Drill Targets Identified (Easterly Prospect)
πŸ”² [NEW] Drill Target Refined (Easterly Prospect)
πŸ”² [NEW] Drill Testing Commenced (Easterly Prospect)
πŸ”² [NEW] Assay Results (Easterly Prospect)

Norseman (Palladium)

βœ… Soil Sampling
βœ… Promising Palladium Results from Soil Sampling
βœ… Assay results from soil sampling
πŸ”² Aircore drilling at Norseman
πŸ”² More drill target generation work
πŸ”² New Milestones Added

GAL Investment Milestones

βœ… Initial Investment: @24.65c
βœ… Increase Investment: @23.5c
βœ… Increase Investment: @29.1c
βœ… Increase Investment: @26c

πŸ”² Price increases 500% from initial entry
πŸ”² Price increases 1000% from initial entry
πŸ”² Price increases 2000% from initial entry
βœ… 12 Month Capital Gain Discount
πŸ”² Free Carry
πŸ”² Take Profit
πŸ”² Hold remaining Position for next 2+ years

”Expected Company Milestones” are based on the company's publicly available execution plan and some assumptions made by our team on potential announcements that should de-risk the investment. β€œOur investment milestones” show our current long-term investment plan. Early stage investments are risky and there is no guarantee that the expected events will occur. The lists are not in sequential order.


πŸ”² Expected Milestone
βœ… Achieved Milestone
🟩 Above Average Result
🟨 Average (Expected) Result
🟧 Below Average Result
πŸŸ₯ Negative Result
🌎 Macro Event
βš”οΈ Results from Other Company / Project
πŸ”„ In Progress
[UPA] Unexpected Positive Announcement
[NEW] New Milestone Added

Our Past Commentary on Galileo Mining

Type Date New Title
Email 31-Aug-2021 $ 0.285 GAL readies itself for next rounds of drilling
Email 21-Aug-2021 $ 0.280 What Happened This Week? Aug-21st-2021
Email 14-Aug-2021 $ 0.360 What Happened This Week? Aug-14th-2021
Email 11-Aug-2021 $ 0.350 Sulphides intersected - First drill holes test top of GAL’s Sirius-like EM conductor at Fraser Range
Email 07-Aug-2021 $ 0.345 What Happened This Week? Aug-7th-2021
Email 03-Aug-2021 $ 0.305 GAL’s Nickel Drilling Campaign has begun
Article 24-Jul-2021 $ 0.315 What Happened This Week? July-24th-2021
Email 17-Jul-2021 $ 0.305 What Happened This Week? July-17th-2021
Email 14-Jul-2021 $ 0.265 We Increased our Holdings in GAL - while we wait for next piece of news
Email 17-May-2021 $ GAL Reveals Promising Palladium Drill Results
Email 27-Apr-2021 $ 0.290 Our Portfolio Performance from January 1st to March 31st 2021
Email 12-Apr-2021 $ 0.295 GAL Identifies Drill Ready Fraser Range Nickel Target
Email 09-Mar-2021 $ 0.250 No significant sulphides were recorded in this drill hole
Email 05-Mar-2021 $ 0.300 Our Top Two Stocks to Cop a Post-Drop Price Pop
Email 20-Jan-2021 $ 0.280 DOUBLE DOWN ALERT: We Have Just Increased Our Holdings in this Stock
Article 20-Jan-2021 $ 0.280 GAL Ready for Fraser Range Drilling - Starts in Coming Weeks
Article 07-Jan-2021 $ 0.220 Our Stock Picks for 2021
Article 21-Aug-2020 $ 0.315 GAL Just Days Away from Fraser Range Diamond Drilling
Article 13-Jul-2020 $ 0.285 Game Time for GAL: WA Nickel Explorer Set to Drill Advanced Targets
Article 23-Apr-2020 $ 0.235 GAL Drilling Tomorrow – Accelerating in Fraser Range Race to Catch $440M LEG
Article 30-Mar-2020 $ 0.170 Fraser Range Heats Up: $18M GAL Closely Tracking Big Brother $158M LEG
Article 03-Mar-2020 $ 0.150 Is this Mark Creasy Backed ASX Stock the Most Highly Leveraged to a Nickel Discovery?

Galileo Mining Market Data

Latest Article from Galileo Mining

GAL readies itself for next rounds of drilling

​​Our nickel explorer Galileo Mining (ASX:GAL) is chasing a large nickel discovery in the Fraser Range of WA. And with a pipeline of multiple highly promising drill targets, we are betting on GAL’s team to find a major discovery on its projects.

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