Golconda Gold Ltd (QB) (GGGOF) Quote

Yes, massive insider buy a few days ago and they are getting $5mil from empress deal.

anything new here???? volume is real good, but I dont see anything posted that is new.

Hi fish - I value (usually!) your opinion on another board, which is how I got here. Do you still think this one has a future?

volume increasing the past couple of days.......

I continue to buy. Production ramp finally starting. Remained cash flow positive through the transition. Summit is ahead.

GGGOF: effective Oct. 21,2022 Galane Gold Ltd. will change to Golconda Gold Ltd. and a one for 5 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

well Name Change and a Reverse Split are happening on Friday 10-21.

https://www.otcmarkets.com/stock/GGGOF/news/Galane-Gold-Ltd-Announces-Effective-Date-of-Name-Change-to-Golconda-Gold-Ltd-and-Share-Consolidation?id=376579

Galane will be Strong

https://www.galanegold.com/news/english/index.php?content_id=248

https://www.galanegold.com/investors/presentation/

https://www.galanegold.com

does anyone here know what happened to the vote on changing name and R/S, among other things? It was supposed to happen 6-23-2022

Thanks in Advance

Galane Gold Ltd > May 2022 Presentation, AISC drops to 747/oz Au
New Post
« Older Post

Aton (68)
User Actions
June 02, 2022 - 02:39 PM
64 Reads
Post# 34727327

May 2022 Presentation, AISC drops to 747/oz Au
Insiders and Management has 47,8% of the shares, not bad.

Forecast Galaxy intakt:

2022 15k - 18k oz
2023 24k - 27k oz

Average Production and AISC phase 1 26,700 oz Au/year ~US$897/oz Au2

Average Production and AISC phase 2 43,000 oz Au/year ~US$747/oz Au

https://stockhouse.com/companies/bullboard?symbol=v.gg&postid=34727327

$In GOD We Trust - Real Money - AU Safety 6000yrs )



https://www.kitconet.com/images/quotes_7a.gif?1493417496003









https://www.kitco.com/images/live/silver.gif?0.8344882022363285

Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

GOLD STANDARD; THE REAL LEGAL MONEY:

https://www.cs.mcgill.ca/~rwest/wikispeedia/wpcd/wp/g/Gold_standard.htm#:~:text=Advocates%20of%20a%20variety%20of,basis%20for%20a%20monetary%20system.

https://www.usdebtclock.org/

https://www.worldometers.info/coronavirus/country/us/

https://www.whatdoesitmean.com/index.htm

God Bless.

3/4th thru he determines ASIC $1132 (update $1300 ASIC with Mang fees inclused.)

FX charge is in video, have finished it now. So it realy was a huge loss on that, and where they said it was a gain was a typo. Those FX things go back and forth.

They should have said ASIC no matter what, BUT $1300 is excellent at this tonnage. How many hard rock mines are under $1300 AISC at their tonnage except for extra high grade mines? Maybe none. In 1st Q Nick did tell me that Jan holidays in SA really slow things down. So we should pick up 10% from that alone. They have equipment availibility problems offset by higher grades. But have to guess Q2 will be 25% better than this. If Mupane downsizes maybe they can buy some of that equipment.

Their ASIC should be $850-950 or so, near projections when they get up to 4,000 oz per Q. Katchum thinks 10PE this Q and 1 PE next year.

CAUTION: Bullion Banks Cover Gold & Silver Shorts As Next Major Financial Crisis Is Imminent
May 07, 2022

https://kingworldnews.com/caution-the-next-major-financial-crisis-is-imminent/


Galane Gold Ltd. > The Power Play >



https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168715192

Today's Breaking News EXPLAINED by Company Insiders
The Power Play By The Market Herald

https://stockhouse.com/video/thepowerplay/u1er698a?mediaId=U1eR698A

Galane Gold Ltd - Nick Brodie, CEO
Galane Gold (TSXV:GG) commences commercial production at its Galaxy operations

New high for year, .14 +7% on GGGOF Galane.Gold

This Monday's production inspiration: We get a good look at the mining equipment hauling ore directly from the galaxy working face. pic.twitter.com/n3SGKneXyb— Galane Gold (@GalaneGoldLtd) April 11, 2022

https://twitter.com/GalaneGoldLtd

That is a wide ore body, the rock must be good strength wise for them to span that
wide without an arch.
Then after commenting that on CEO.ca see next tweet, a
miner said same thing

$In GOD We Trust - Real Money - AU Safety 6000yrs )



https://www.kitconet.com/images/quotes_7a.gif?1493417496003














http://www.kitconet.com/images/live/au0001wb.gif


https://www.kitco.com/images/live/silver.gif?0.8344882022363285


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

https://www.usdebtclock.org/

https://www.worldometers.info/coronavirus/country/us/

https://www.whatdoesitmean.com/index.htm

God Bless

Nick got back to me.Their site is under attack is why down, provider working on it.

He sent me the March 2022 Presentation as a PDF

OVERVIEW OF THE GALAXY MINE
M&I Resources: 970,904 oz Au at average grade of 2.77 g/t Au
Inferred Resources: 1,409,764 oz Au at average grade of 2.62 g/t Au

So grade is way higher than projected grade in last report. He had hinted at this in Dec, that the ore was wider and higher grade than they expected in a video.

Katchum went through the TSX version of 10K, his video is worth watching, link again . Bottom line is results are way better that PR official #s indicate.

Nick also said the Q1 report will be out this month.

Also in PDF:

Adjacent Mines:
Pan African Resources’ Barberton Gold Mine In fiscal 2019, produced 99,363 oz Au at a cash cost of US$927/oz Au Use an oxidization step JORC resource of 4.0 million oz Au at a grade of 4.19 g/t Au

So Galaxy grade similar to Barberton in Q4, it may be aberration but even if drops to 3.5 grams, way better than plan. And if not an aberration 4.0 / 2.7 = 48% more revenue per ton. All else equal profit would soar.

At $1,900 at $1,200 AISC = $700 profit. $1,900 Times 1.48 more gold = same as getting $2,812 an oz or $1,612 an oz or 2.3X or 130%more profit just due to grade. Say taxes eat 30% of the extra profit of $912 an oz (using this method) that would be $638 profit, a near double.

If these grades hold out it will be spectacular.

Will do it another way as sounds so good. Say the mine 15,000 oz in a year. If grade goes up on same tons 48% as Q4 showed, they would get 22,200 oz at same cost of production. If costs are $1200oz = at expected grade that is $700 X 15,000 = $10,500,000 profit and $18,000,000 costs.

At 22,200oz mined in same tonnage X $1900 =$41,800,000 revenue and $18,000,000 costs = $23,800,000 profit. Call it 30% taxes on extra $13,300,000 profit = $9,310,000 extra post tax profit.

So total profit = $19,810,000 At older expected grade post tax profit expected was $10,500,000 so profits go up 89% percent due to grade.

Both methods match. If this grade continues profits will be 89% higher than projections it seems, spectacular.

Where did this video come from?Excellent.

I think it s new It is unlisted on YouTube, think found from iHub link, anyone know more?

It shows the improvements to Galaxy

Great information. Happy Easter to you and yours.

Happy Easter -

https://twitter.com/GalaneGoldLtd


$In GOD We Trust - Real Money - AU Safety 6000yrs )



https://www.kitconet.com/images/quotes_7a.gif?1493417496003














http://www.kitconet.com/images/live/au0001wb.gif


https://www.kitco.com/images/live/silver.gif?0.8344882022363285


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

https://www.usdebtclock.org/

https://www.worldometers.info/coronavirus/country/us/

https://www.whatdoesitmean.com/index.htm

God Bless

Thanks NYBob. Have a Happy Easter.

SUMMIT & BANNER MILL

http://www.galanegold.com/operations/summit-and-banner-mill/

Galane Gold Ltd. GALAXY EXPLORATION

Galane has a drill ready plan to expand the resource to over 4 million ounces.
Work will commence as required to support any future expansion of Galaxy.


http://www.galanegold.com


http://www.galanegold.com/operations/galaxy/

Well done. Thanks NYBob.

May Galane Gold shine brightly in the future. Happy Easter all.

HAPPY EASTER To All > Galane Gold Ltd. GALAXY PROCESSING PLANT



Galane has refurbished the existing 15,000 tonne per month crush, mill
and float plant.

It has upgraded the crushing circuit, float plant and filtration plant
to 30,000 tpm. A new milling section

with a capacity of 50,000 tpm is expected to be completed in 2020

Galane has completed a new Technical Report and Preliminary Economic Assessment which

supports doubling the size of the plant to match the potential
production it could achieve from its underground operations.


$BornAgain Thanks; New Article on SA for $GGGOF

https://seekingalpha.com/article/4497771-galane-junior-miner-bright-prospects?mailingid=27148247&messageid=2800&serial=27148247.364&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=27148247.364

Geodan Thanks; Galane Gold Ltd. > The Power Play >



Today's Breaking News EXPLAINED by Company Insiders
The Power Play By The Market Herald

https://stockhouse.com/video/thepowerplay/u1er698a?mediaId=U1eR698A

Galane Gold Ltd - Nick Brodie, CEO
Galane Gold (TSXV:GG) commences commercial production at its Galaxy operations

New high for year, .14 +7% on GGGOF Galane.Gold

This Monday's production inspiration: We get a good look at the mining equipment hauling ore directly from the galaxy working face. pic.twitter.com/n3SGKneXyb— Galane Gold (@GalaneGoldLtd) April 11, 2022

https://twitter.com/GalaneGoldLtd

That is a wide ore body, the rock must be good strength wise for them to span that
wide without an arch.
Then after commenting that on CEO.ca see next tweet, a
miner said same thing


http://www.galanegold.com

A “Golden” Opportunity Across Two Continents

https://stockhouse.com/opinion/interviews/2021/10/19/a-golden-opportunity-across-two-continents



$In GOD We Trust - Real Money - AU Safety 6000yrs )



https://www.kitconet.com/images/quotes_7a.gif?1493417496003














http://www.kitconet.com/images/live/au0001wb.gif


https://www.kitco.com/images/live/silver.gif?0.8344882022363285


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

https://www.usdebtclock.org/

https://www.worldometers.info/coronavirus/country/us/

https://www.whatdoesitmean.com/index.htm

God Bless

$BornAgain Thanks; New Article on SA for $GGGOF

https://seekingalpha.com/article/4497771-galane-junior-miner-bright-prospects?mailingid=27148247&messageid=2800&serial=27148247.364&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=27148247.364

Geodan Thanks; Galane Gold Ltd. > The Power Play >



Today's Breaking News EXPLAINED by Company Insiders
The Power Play By The Market Herald

https://stockhouse.com/video/thepowerplay/u1er698a?mediaId=U1eR698A

Galane Gold Ltd - Nick Brodie, CEO
Galane Gold (TSXV:GG) commences commercial production at its Galaxy operations

New high for year, .14 +7% on GGGOF Galane.Gold

This Monday's production inspiration: We get a good look at the mining equipment hauling ore directly from the galaxy working face. pic.twitter.com/n3SGKneXyb— Galane Gold (@GalaneGoldLtd) April 11, 2022

https://twitter.com/GalaneGoldLtd

That is a wide ore body, the rock must be good strength wise for them to span that
wide without an arch.
Then after commenting that on CEO.ca see next tweet, a
miner said same thing


http://www.galanegold.com

A “Golden” Opportunity Across Two Continents

https://stockhouse.com/opinion/interviews/2021/10/19/a-golden-opportunity-across-two-continents



$In GOD We Trust - Real Money - AU Safety 6000yrs )



https://www.kitconet.com/images/quotes_7a.gif?1493417496003














http://www.kitconet.com/images/live/au0001wb.gif


https://www.kitco.com/images/live/silver.gif?0.8344882022363285


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

https://www.usdebtclock.org/

https://www.worldometers.info/coronavirus/country/us/

https://www.whatdoesitmean.com/index.htm

God Bless

very interesting indeed NYBob. Thanks for sharing.

bigone thanks; I am also very impressed by GALANE GOLD & Producing Gold Mines )

An un-hedged gold producer and explorer committed to operating at world-class
standards; focused on the safety of our employees, respect for environment, and
contributions to local communities.


OBJECTIVES

Galane Gold Ltd. has one primary objective to reshape the Company into a long-
life and low-cost operation that can produce positive returns for investors across
commodity cycles.


OPPORTUNITY

Low cost production growth from Galaxy mine, operating improvements at GALAXY VIDEO,

http://www.galanegold.com/operations/galaxy/galaxy-video/

https://vimeo.com/340191652?embedded=true&source=video_title&owner=392495

http://www.galanegold.com/

substantial exploration upside, excellent re-rating potential with exposure to gold
price and an experienced management team.

http://www.galanegold.com/operations/overview/
http://www.galanegold.com/investors/presentation/

$In GOD We Trust - Real Money - AU Safety 6000yrs )



https://www.kitconet.com/images/quotes_7a.gif?1493417496003














http://www.kitconet.com/images/live/au0001wb.gif


https://www.kitco.com/images/live/silver.gif?0.8344882022363285


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

https://www.usdebtclock.org/

https://www.worldometers.info/coronavirus/country/us/

https://www.whatdoesitmean.com/index.htm

God Bless

NYBob we purchased a few shares today.

.155 up another +9% Looks like sellers ran out of stock, effortless going up.

Cheers

NYBob this looks very promising. Thanks for suggesting this.

Galane: Junior Miner With Bright Prospects
Mar. 25, 2022 9:40 AM ETGalane Gold Ltd. (GGGOF)56 Comments15 Likes

Summary

Galane Gold Ltd. is a unique junior miner that combines current productivity with an
ambitious strategic plan.

That plan includes successful debt reduction and the development of existing
mines and recently purchased sites currently in maintenance status.

Galane has proven the ability to increase operational efficiency to promote an
accelerating profitability.

The company is led by a talented and experienced team that is committed to the
task at hand.

I believe that Galane Gold is a viable and promising speculative holding within a
long-term portfolio.



Introduction

Galane Gold (OTCQB:GGGOF) is a very promising mining company that has
made a number of important moves recently.
These actions include selling the Galane Mupane gold mine in Botswana,
enlarging the Galaxy gold mine in South Africa while improving its efficiency,
and engaging in preparatory work on t recently purchased multi-ore Summit property in New Mexico.
The Mupane sale has directly impacted Galane's balance sheet to the good, while
expanding Galaxy and enhancing its efficiency and raising Galane's profitability
potential.

https://seekingalpha.com/article/4497771-galane-junior-miner-bright-prospects

$In GOD We Trust - Real Money - AU Safety 6000yrs )



https://www.kitconet.com/images/quotes_7a.gif?1493417496003














http://www.kitconet.com/images/live/au0001wb.gif


https://www.kitco.com/images/live/silver.gif?0.8344882022363285


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

https://www.usdebtclock.org/

https://www.worldometers.info/coronavirus/country/us/

https://www.whatdoesitmean.com/index.htm



God Bless
AMEN

Galane: Junior Miner With Bright Prospects
Mar. 25, 2022 9:40 AM ETGalane Gold Ltd. (GGGOF)56 Comments15 Likes

Summary

Galane Gold Ltd. is a unique junior miner that combines current productivity with an
ambitious strategic plan.

That plan includes successful debt reduction and the development of existing
mines and recently purchased sites currently in maintenance status.

Galane has proven the ability to increase operational efficiency to promote an
accelerating profitability.

The company is led by a talented and experienced team that is committed to the
task at hand.

I believe that Galane Gold is a viable and promising speculative holding within a
long-term portfolio.



Introduction

Galane Gold (OTCQB:GGGOF) is a very promising mining company that has
made a number of important moves recently.
These actions include selling the Galane Mupane gold mine in Botswana,
enlarging the Galaxy gold mine in South Africa while improving its efficiency,
and engaging in preparatory work on t recently purchased multi-ore Summit property in New Mexico.
The Mupane sale has directly impacted Galane's balance sheet to the good, while
expanding Galaxy and enhancing its efficiency and raising Galane's profitability
potential.

https://seekingalpha.com/article/4497771-galane-junior-miner-bright-prospects

$In GOD We Trust - Real Money - AU Safety 6000yrs )



https://www.kitconet.com/images/quotes_7a.gif?1493417496003














http://www.kitconet.com/images/live/au0001wb.gif


https://www.kitco.com/images/live/silver.gif?0.8344882022363285


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

https://www.usdebtclock.org/

https://www.worldometers.info/coronavirus/country/us/

https://www.whatdoesitmean.com/index.htm



God Bless
AMEN

Thanks, had missed that one,NewHigh today

Geodan thank you; )

https://www.youtube.com/watch?v=AJxhS-f5gHU



James Turk – The Surprise Leading The Gold & Silver Markets Higher,
Mining Stocks Ready To Fly )
April 11, 2022

https://kingworldnews.com/james-turk-look-at-the-surprise-that-is-leading-the-gold-silver-markets-higher/


RE:
NYBob,video of them working in mine today

New high for year, .14 +7% on GGGOF Galane.

This Monday's production inspiration: We get a good look at the mining equipment hauling ore directly from the galaxy working face. pic.twitter.com/n3SGKneXyb— Galane Gold (@GalaneGoldLtd) April 11, 2022 2 15 minutes ago
That is a wide ore body, the rock must be good strength wise for them to span that wide without an arch. Then after commenting that on CEO.ca see next tweet, a miner said same thing

Neil Ringdahl@NeilRingdahl·Apr 11Replying to @GalaneGoldLtd Wow you have really good rock conditions. Is it granite/amphibolite? Would be interesting to know the RMR & Q rating.

Just found out with BIOX they would pour own dore and get 99.99% of gold value. Still clearing up some % understandings on recovery amounts with them.

NYBob,video of them working in mine today

New high for year, .14 +7% on GGGOF Galane.

This Monday's production inspiration: We get a good look at the mining equipment hauling ore directly from the galaxy working face. pic.twitter.com/n3SGKneXyb— Galane Gold (@GalaneGoldLtd) April 11, 2022 2 15 minutes ago
That is a wide ore body, the rock must be good strength wise for them to span that wide without an arch. Then after commenting that on CEO.ca see next tweet, a miner said same thing

Neil Ringdahl@NeilRingdahl·Apr 11Replying to @GalaneGoldLtd Wow you have really good rock conditions. Is it granite/amphibolite? Would be interesting to know the RMR & Q rating.

Just found out with BIOX they would pour own dore and get 99.99% of gold value. Still clearing up some % understandings on recovery amounts with them.

Geodane Thanks; Excellent work you done )

Galane is a great Au bargain - should triple soon,
IMO! )

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168440186

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168443464

https://stockhouse.com/companies/bullboard?symbol=v.gg&postid=34573874

God Bless

The update on Galane Article is just out, about 5 pages appended to original article "Buy Profitable And Future 110,000oz Miner Galane Gold For $26.6 Million, Comparison To $316 Million Pure Gold" https://seekingalpha.com/instablog/535947-darp-research/5648819-buy-profitable-and-future-110000oz-miner-galane-gold-for-26_6-million-comparison-to-316#comments

It starts with what you see below, however I suggest reading the entire article as it is an update that requires reading the original for proper understanding.


3-31-2022: In Person Interview with CEO Nick Brodie and Chairman Ravi Sood Post Mupane Sale

I traveled to the 121 Mining Conference in Las Vegas to meet with Nick Brodie and got the bonus of Ravi Sood also being there and spent several hours with both. Seeking Alpha member Angel Marauder was in the same meeting. A quick take is that I am now even more positive on Galane than before the meeting.

The Mupane Divestiture
The biggest change for Galane in 2022 will be their sale of Mupane, which was their only producing mine until Galaxy came on-line in late 2021. As this original article on Galane points out above, I was never high on Mupane and never invested in Galane until the Galaxy Project with a 1,000%+ IRR came along.

What did they sell it for? $1, but they eliminated $18 million of debt and liabilities as a result, so the real price they sold it for was $18 million, about 50% of Galane's market cap. Mupane is a high-cost and short life mine so I think the deal is a big positive. The deal likely will finalize in next 30 days or so and they said no hiccups yet.

Interesting. Indeed that would be huge amount of gold.

$Geodan Thanks; $30,000 GOLD? Russia Says Certain Countries Will Have To Pay For Gas
Using Gold But This Is The Big Surprise
March 24, 2022


https://kingworldnews.com/30000-gold-russia-says-certain-countries-will-have-to-pay-for-oil-using-gold-but-this-is-the-big-surprise/


Seeking Alpha Report on (GG) (GGGOF) very positive for long investors! )

https://seekingalpha.com/author/larry-hall

Yes BornAgain, here is comment on it:

New Galane article by @Larry Hall;

https://seekingalpha.com/article/4497771-galane-junior-miner-bright-prospects


Here is my comment:

I have a large position and have bot more in the .10s in last two days.

What excites me is currently Galane is a 4 PE gold miner (trailing 12
months), but gold is much higher now and the Mupane Mine related debt
(vast majority) is going away with its sale.

At the same time the Galaxy ore body at the Galaxy Mine has just in Dec
gone into production, and is much lower AISC.
So profits will go way up at the same time that debt goes way down.

Debt is the main thing that is holding Galane back both stock wise and
funding Summit wise.

The main gem Galane owns is the Galaxy mine, millions of gold oz
resources.

Yet all this for just $38 million market Cap! In the future they can be
making more than $38 million profit a year with Galaxy and Summit
going, two low ASIC mines.

The Galaxy mill which is quite new is way bigger than the current
mining rate.
Obviously they plan to grow Galaxy Mine production.

As this mine cross section shows;
https://static.seekingalpha.com/uploads/2021/10/10/535947-16338709121900315_origin.png

they have vein after vein there with tunnel access to all and are
just mining one vein now.

BTW that project just into production had a 1,000%+ IRR, the highest
have ever seen.

Their neighboring mine has found that the deeper they go the higher the
gold grade becomes.

Galaxy has just been mined for decades on the easy upper parts of those
veins.
All the veins are open downward, and they are very wide veins.

Galane may have 5 million oz of gold at Galaxy alone, it has not yet
been drilled deeper.

I suggest readers read Galane's newest presentation and watch video
interviews they have done.
https://www.galanegold.com/_resources/presentations/corporate-presentation.pdf

https://vimeo.com/340191652?embedded=true&source=vimeo_logo&owner=392495

CRUX interview

Thanks again for the article. Will spread it around.

Cheers

$In GOD We Trust - Real Money - AU Safety 6000yrs )



https://www.kitconet.com/images/quotes_7a.gif?1493417496003














http://www.kitconet.com/images/live/au0001wb.gif


https://www.kitco.com/images/live/silver.gif?0.8344882022363285


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

https://www.usdebtclock.org/

God Bless

Yes BornAgain, here is comment on it:

New Galane article by @Larry Hall https://seekingalpha.com/article/4497771-galane-junior-miner-bright-prospects

Here is my comment:

I have a large position and have bot more in the .10s in last two days.

What excites me is currently Galane is a 4 PE gold miner (trailing 12 months), but gold is much higher now and the Mupane Mine related debt (vast majority) is going away with its sale. At the same time the Galaxy ore body at the Galaxy Mine has just in Dec gone into production, and is much lower AISC. So profits will go way up at the same time that debt goes way down. Debt is the main thing that is holding Galane back both stock wise and funding Summit wise. The main gem Galane owns is the Galaxy mine, millions of gold oz resources.

Yet all this for just $38 million market Cap! In the future they can be making more than $38 million profit a year with Galaxy and Summit going, two low ASIC mines. The Galaxy mill which is quite new is way bigger than the current mining rate. Obviously they plan to grow Galaxy Mine production. As this mine cross section shows https://static.seekingalpha.com/uploads/2021/10/10/535947-16338709121900315_origin.png they have vein after vein there with tunnel access to all and are just mining one vein now. BTW that project just into production had a 1,000%+ IRR, the highest have ever seen.

Their neighboring mine has found that the deeper they go the higher the gold grade becomes. Galaxy has just been mined for decades on the easy upper parts of those veins. All the veins are open downward, and they are very wide veins.

Galane may have 5 million oz of gold at Galaxy alone, it has not yet been drilled deeper. I suggest readers read Galane's newest presentation and watch video interviews they have done. https://www.galanegold.com/_resources/presentations/corporate-presentation.pdf

https://vimeo.com/340191652?embedded=true&source=vimeo_logo&owner=392495

CRUX interview

Thanks again for the article. Will spread it around.

Cheers

New Article on SA for $GGGOF

https://seekingalpha.com/article/4497771-galane-junior-miner-bright-prospects?mailingid=27148247&messageid=2800&serial=27148247.364&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=27148247.364

Thanks,there will be new article on SeekingAlpha onGalane in next week or two. By Larry Hall.

Superb value here.

Thanks NYBob

https://www.weare121.com/121mininginvestment-las-vegas/galane-gold/

Very informative video! Thanks for posting!

6 hours ago

Katchum has Video out. I have email in to Nick on Friday no response yet, on same issue. I guessed 0-2 million debt after deal, seems him digging deep thinks less than .5 million debt left? And also big royalty liability gone too. So only 5% of equity in Galane is lost yet almost all debt and also payables and royalties owed are gone.

So will Galane be obliged to take a big credit over this, such as $10+ million profit credit for getting rid of debt while losing tiny equity in 2022? Seems so. Katchum is thinking 5 bagger in 1-2 years just based on 5 X EBITDA. Worth watching.

I would not be surprised with 5 bagger in next 18 months.

On Galane, this deal to divest Mupane to management is positive, they are getting rid of almost all debt by doing this.

Nice buy volume on the us side today, seems the selling on both exchanges has slowed considerably.

Huge debate on Seeking Alpha,Darp and TaylorDart-Galane

https://seekingalpha.com/instablog/535947-darp-research/5648819-buy-profitable-and-future-110000oz-miner-galane-gold-for-26_6-million-comparison-to-316#comments

Lots of info in that debate, scroll down about a page in comments and you will see it.

I'm happy to own GGGOF shares and to buy more at these stupid low prices. But we do not need Galane to do better than expected. What we need them to do is exactly what they say they will do. Hit the freaking oz and cost number guidance that they published yesterday. Hit those numbers and the stock will be fine, better than fine. GGGOF could and should be a 50cent stock in a year....but only if they come through and hit their promised production numbers with no negative surprises. Simple.

New video of Brodie on commercial production news. Key thing in near future is that "Galaxy is better than we thought" he is talking about the Galaxy ore body which is just one of dozens at Galaxy mine. It is higher grade than they thought before they started stoping and grade control drilling it. Here is the new video https://themarketherald.ca/galane-gold-ltd-commences-commercial-production-at-galaxy-2021-12-15/

This means 2022 and 2023 will be better than projected, higher grade, more oz it would seem. And they can add 30% more production with spare capacity in their upgraded mill. So sounds like they will cherry pick the very best of dozens of other ore bodies they know of and start mining them. Galaxy could become a mini giant mine. The ore bodies have only been mined at top and are wide. Neighbor mine has gone lower and found higher grades with depth.