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Globex Mining Enterprises Inc. T.GMX

Alternate Symbol(s):  GLBXF

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

Comment by FastFFon Oct 17, 2016 12:37pm
79 Views
Post# 25351618

RE:Heavily undervalued see latest analyst report

RE:Heavily undervalued see latest analyst report
Very flawed report.  He fails to note that the Stoch's are paying themselves something like $800K a year, last I looked, stuffing almost all of the Co's cash flow in their pockets - screwing the shareholders who own 90%. This should not be a public company. Plus, that talc project has 0% chance of getting financed and built. Those properties he gets back are because they are worthless, only for suckers. Now shareholder value built in 30 years. Hyped to fresh fools every decade ro so.

If you like this concept and want to see better value for the same cap., and still un-hyped,  look at Ely Gold - they own 20+ gold properties in Nevada, something miners actually want. One property is literally surrounded by McEwen's next mine, and management is putting shareholder cash to work, not in their pockets.
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