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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 Teatimenowon Jul 26, 2017 8:36am
212 Views
Post# 26509984

96.65 oz/ton over 3.28 ft sample on Montalembert

96.65 oz/ton over 3.28 ft sample on Montalembert"only" a sample, but an impressive one 
https://www.newswire.ca/news-releases/enforcer-gold-reports-3310-gt-gold-in-2017-channel-sample-at-the-montalembert-gold-project-636707323.html

The Option agreement with Globex could be another company maker. Certainly the 3,5% GMR Royalty is a nice exposure. And they will get a lot of Cash and shares in Enforcer over the next years.

Globex Mining 5 year option agreement:
$2.7M cash ($300 K paid; Year 2 $300K escrowed)) 8.5 M shares (1.5 M paid) $15 M exploration-related expenditures Globex retains 6% GMR on first 150 K oz. gold produced; 3.5% GMR thereafter

25mm marketcap is really a joke here, but it seems currently Prospect Generators are not in full bull market mode yet, will likely come later in this new commodities bull market.




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