2 distro in the same partition?

Hi, I have curious ask. I downloaded the GoboLinux ISO in the variation of
Fabio. I can it unpack, etc. But on my laptop are only 1 partitio, the
/dev/dsa1, and in this partitio are Ubuntu 11.10. This partitio only 60 GB.
Can I install to this partitio the GoboLinux, without deleting the Ubuntu,
without formatting the partitio? I think, I need copy the stuff to a
separated directory, for example to the named "/Gobo". But can the
GoboLinux run from a subdirectory, not from the "/"? And how can I run it
with the Grub2 of Ubuntu?

(Of course, I know, I need buy another, bigger computer. But now I not have
enough money. Then after cca 2 months...)

Thanks!

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