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.
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