A Rare-Earth Resource Company for the Bold Investor

MoneyWeek reported on a new player in the rare earth sector called Galileo Resources (LSE:GLR).

As quoted in the market news:

Galileo has acquired the Glenover project, an abandoned open-pit phosphate mine in the Limpopo Province…Samples taken from three of the stockpiles have been assayed by SGS South Africa. On the basis of these tests, the independent consultant, Snowden, has calculated a very preliminary value for Glenover’s total mineral assets of between £4.6m and £12.4m.

Click here to read the full MoneyWeek report.