RE:takeover targetI doubt a takeover. I could see some companies trying to buy our GMR's once they are producing revenues. The Zinc one should bring in $2 million a year if you do the math, production starting anytime or maybe it has already started anyone know?
Lots of good things happening with VEIN, having revieved OSK backing, and VONE has turned out to be located in an area of Chibougamau where there is a staking rush and neighbouring Blackrock just raised $40M for similar deposit.
On May 18, 2017, Nyrstar NV published a JORC disclosure conformable resource update to December 31, 2016 on their mines including the Middle Tennessee Mines (Gordonsville, Elmwood and Cumberland Mines) on which Globex retains a 1.4% Royalty at current zinc prices.
The resource is based upon a Mineral and Ore Reserve Statement by Independent Competent Persons J. Morton Shannon, P.Geo (APGO and APEGBC) for the Mineral Resources and Gary Methven, P.Ing. (APEGBC), for the Ore Reserves, both of AMC Mining Consultants (Canada) Limited.
The published resource is the following:
| 2016 - Reserves | Tonnes (Mt) | Grade Zn (%) |
| Proven | 0.06 | 4.40 |
| Probable | 2.32 | 3.50 |
| Total | 2.38 | 3.50 |
| 2016 - Resource |
| Measured | 0.14 | 4.00 |
| Indicated | 3.27 | 3.50 |
| Total Measured and Indicated | 3.41 | 3.50 |
| Inferred Resource | 16.32 | 3.40 |
Nyrstar is currently reactivating the Middle Tennessee mining and milling operations. It was reported in Nyrstar's first quarter report that "the Middle Tennessee mine is re-starting ahead of its previously communicated schedule with mill processing operations to be commenced in Q2 2017 and full capacity of 50 Kt per annum of zinc in concentrate to be reached by November 2017." Globex expects to begin receiving royalty payments before year end.
https://ca.finance.yahoo.com/news/various-globex-optioned-assets-141800321.html