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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 Rockhound777on Jun 07, 2017 10:56am
83 Views
Post# 26335210

RE:above.60 looking good

RE:above.60 looking goodBoth CBG and GMX are good for the same reason, both have high quality assets huge potential that were acquired when the markets were depressed.

Nyrstar has zinc production coming online which could add $2m/year to GMX revenues, hard to find much info on it but Globex has a royalty on the Mid-Tennesse Zinc mine owned by Nyrstar and they are shifting 50 000tpa to Globex's optioned property.

pg 10 on:  https://www.infomine.com/intelligence/documents/CD106F30-19D1-41B6-B8D1-2D77315BBC60

"At the end of September 2016, the Middle Tennessee mine commenced actions to restart operations with ore production to commence during Q1 2017, and mill processing operations to commence in Q2 2017. Full capacity of 50,000 tonnes per annum of zinc in concentrate is expected to be reached by November 2017."
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