I would like to point out that there very few Juniors that are like Global Minerals.
1. A producing mine in the USA, cash flow.
2..The Streiborna Silver- Polymetalic mine will be a huge cash cow for Global.
3. Gold exploration targets in Nevada and Canada.
4. Banker to back the company all the awy to production and beyond.
Show me others that have all this in place. and there won't be many .
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Global Minerals Ltd.
Global Minerals ( CTG-TSX.V) is a producing junior with cash flow and has recently announced a $2 million dollar loan facility ( July 9, 2008) that will part finance the pre-feasibility study and permitting of the Streiborna Silver- Polymetalic Mine.
This mine has a Gross Asset Value of $ 500,000,000 ( measured and indicated reserves) , along with the potentail to prove up additional resources ( inferred category) to over $ 720,000,000.
The company states that there is a potential for 100,000,000 ounces of Silver. ( +/-$ 175,000,000)
The President & CEO Mr. George W. Heard, BSc, MBA, P Eng. and Dr. Hans E. Madeisky, BSc, MSc, DIC, PhD, P Geo are very seasoned and experinced mine builders.
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Global Minerals Ltd. ( CTG - TSX.V) has released a production and sales update for the Front Range Project. (June 20, 2008)
Front Range Project Colorado USA : production and sales update
Gold and silver sales
Seven truckloads of concentrate have been shipped to date in 2008. This compares with eight truckloads for all of 2007. It is anticipated that an additional 15 truckloads of concentrate will be shipped to the smelter during the remainder of the year. Each truckload contains 20 to 30 tons of concentrate.
Provisional payments for shipments (approximately 80 per cent of value) are occurring about 60 days from the shipping date. Final payments are typically received 90 to 120 days from the shipping date.
Production and development
Mine production is averaging 35 to 60 tons per day, four days per week. The mill operates 24 hours per day, four days per week and output averages 1.8 to 2.2 tons per hour.
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Slovakian Polymetalic Mine: ( An exploration potential to prove up +100,000,000 ounces of silver by drilling other vein areas not previously explored by the Slovakians)
Located near the historic mining town of Roznava in south eastern Slovakia Slovakia is a full-fledged member state of European Union, thus providing politically a very stable environment for mining operations
Global has a 60% interest, and its Slovak partners PIDECO hold 40%. Global can earn an additional 10% through the expenditure of US$ 2M over two years, thus forming a 70/30 participating joint venture. Global has the right to purchase the remaining 30% of the joint venture for US$ 6M
Current NI 43-101 compliant resource calculation, completed by an independent consulting firm AMC Pty Ltd., estimated a current resource (measured and indicated) of 1.925 M tonnes at 231.7 g/t Silver, 1.1% Copper, 0.7% Antimony and 33.65% Fe
Excellent existing infrastructure; the property consists of two mining leases