Globex Mining Enterprises Inc. T.GMX

Alternate Symbol(s): GLBXF

Metals & Mining Industrial Metals & Minerals

Globex Mining Enterprises Inc. is a Canada-based company, which is focused exploration and development property bank which operates under the project generator business model. The Company's mineral portfolio consists of exploration, development and royalty properties which contain base metals (copper, nickel, zinc, lead), precious metals (gold, silver, platinum, palladium), specialty metals and minerals (manganese, vanadium, titanium dioxide, iron, molybdenum, lithium, cobalt, scandium, antimony, rare earths and associated elements) and Industrial Minerals (mica, silica, potassic feldspar, pyrophyllite, kaolin, dolomite as well as talc and magnesite). Its properties consist of Timmins Talc-Magnesite, Laguerre-Knutson, Courville, Beauchastel - Rouyn, Cavalier, Great Plains (Clermont), Joutel, Red Star Project, Rouyn-Merger, Ruisseau Marriott, Sheen Lake Property, Shortt Lake Mine, Smith-Zulapa-Vianor, Salt Spring property, Eldrich Gold Mine, Porcupine West Property, and others.

TSX:GMX - Post by User

Globex Mining Enterprises Inc.

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Post by Teatimenowon Jul 31, 2014 10:32am

164 Views

Post# 22798199

Royalty Spin-co?

If GMX management continues to be unable to tell the story and increase shareholder value, maybe shareholders should unite and force the comapny to do a Royalty Spin-Co.

GMX owns 40 Royalties and lets face it in this messed-up mining market the ONLY thing you get fair value for is ROYALTIES! and PURE! Royalty Companies.

If their Talc asset has any real value they should find a partner without spending Royalty Revenue on it.
A Royalty Spin Co could easily attract 20+ mm marketcap alone and pay a small 1 cents per annum Dividend, as long as zinc stays above 1$/lb.

Any thoughts?

chrs
Teatime

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