I have only had a quick look at the Galileo prospectus and it is not the ball-tearer I thought it could be. Unless Galileo stumble across something BIG then the ONLY COMPANY-MAKING deposit amongst their tenements is Mt Thirsty, and currently CNJ & BAR OWN THE LION'S SHARE of that Co & Ni deposit. It is all well and good to have satelite deposits here and there, and Mission Sill is an ok deposit, but its another thing to have to cart the stuff 15 kilometres up the road to a plant - that adds to production costs and reduces profitability.
I have been down the road before of companies discovering resource pods which they add to their total resource inventory. In reality most of the smaller resource pods are uneconomic to mine, but the bigger inventory number looks good - it reads well in their marketing material and annual report. Mission Sill is ok but I would discount its economic value because of its distance from the main resource and any potential future processing plant.
I think Galileo has work to do because as it currently stands, it doesn't deserve a one third earn-in of the Mt Thirsty project, if it were made available.
