Galileo Mining


  Our Initial Entry

Portfolio Initiation

5 Day VWAP
After Initiation

Current Price

Our Current Returns

Mar 01 2020

Our Current Returns


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: Next Investors Commentary
βœ… $5M Cap Raise @ 22c:
Next Investors Commentary
βœ… IGO Group Becomes a Substantial Shareholder:
Next Investors Commentary
πŸ”² Raise capital at a significantly higher valuation
πŸ”² Unexpected Positive Announcement 1
πŸ”² Unexpected Positive Announcement 2

Fraser Range (Nickel)

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

πŸ”² Diamond Drilling (Delta Blues)
πŸ”² Drill Results (DB1)
πŸ”² Drill Results (DB2)

Norseman (Palladium)

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

Next Investors Investment Milestones

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

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
[UPA] Unexpected Positive Announcement
[NEW] New Milestone Added

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