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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 mamothon Oct 26, 2003 9:47pm
167 Views
Post# 6564843

Sorry to quibble...

Sorry to quibble...Wully; You've got it mostly right... Agreed, the company has quality properties; Agreed, they can be j-v'd; Agreed, they can be optioned; And yes, the gold will be coming home; The only point where you maybe mis-spoke is in "hoping that one hits", suggesting that further drilling is needed to go forward. Hope and luck are always welcome and no question that further successful drilling will enhance the projects; however, Globex holds 30 gold properties in its portfolio 20 of which already have reserves or resources. The Mooseland will be the first producer, but a number of others could be advanced without any additional drilling if gold prices continue to rise or hold. Some savvy producer could take Bell Mountain forward today (2.1 Million tons @1.4g/t), or the Ramp Property(813,414 tons @ 8.2g/t), or Duquesne (1 million tons @8.9g/t), or Bateman (400,000 tons @2.64%cu, 4.4g/t au), or Wood, Black Cliff, Fontana, Laguerre, Eagle, etc. etc. It may be prudent to do some further testing and expand reserves, or it may facilitate financings for juniors (now that flow-through is available), but some of these are ready to go. I can envision companies with operations in proximity wanting to supplement mill feed, up their reserves, and establish economies of scale. This is a beautiful situation. ONWARD AND UPWARD!
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