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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

Post by Rockhound777on Jan 24, 2017 8:09pm
104 Views
Post# 25750167

Relative Valuation

Relative ValuationI am not at all surprised with the sp movement.  With a steady $2M annually coming soon from the Tenesse zinc mine, others to follow, and lotto tickets like Natan.  Either an economy boom or increase in the price of gold will be very good for us.  The great thing for us is that with hints of a bull junior mining market we are getting to see exploration investment money come in and our projects are finally getting explored.  Until that happens you can't realize the potential of some of these projects.  If you compare to ten years ago when the share price was around $6 we had half as many properties.  We picked up the other half of our properties at rock bottom prices in one of the longest bear junior mining markets ever.  They are not just any properties though, they are real high quality properties as we are now learning.

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