Globex Mining Enterprises Inc. (TSX: GMX) (OTC: GLBXF) is a corporation with a diversified North American portfolio of mid-stage exploration and development properties containing: Precious Metals (gold, silver, platinum, palladium), Base Metals (copper, zinc, lead, nickel), Specialty Metals and Minerals (manganese, titanium oxide,iron, molybdenum, uranium, lithium, rare earths) and Industrial Minerals and Compounds (mica, silica, apatite, talc, magnesite). Globex explores for its own account and options many of its numerous projects to other companies which pay Globex cash, shares and a royalty and undertake extensive exploration in order to earn an interest in Globex's projects. SNNLive spoke with Jack Stoch, President and CEO of Global Mining Enterprises Inc. at the New Orleans Investment Conference 2014.
Mr. Stoch begins with an overview of the company, “Globex is an exploration, royalty and production company. It has 41 million shares out, it has never done a rollback, it has about 2.5 million dollars in the bank, it has no debt, it has 130 projects, we own all of our project interests, we own minerals that cover pretty much half of the periodic table, we have over 65 gold assets, we have over 40 poly-metallic assets that would be copper-zinc with silver and gold credits and we have a whole series of industrial minerals including strategic minerals.”
Mr. Stoch discusses their business model, “It’s sort of a mixed model, we’re a project generator because we have so many project companies come to us and pay us to try to earn an interest in our assets. We also are a royalty company where we have, for example, production royalty from a zinc mine in Tennessee that’s run by Neyrstar. So every month we get, depending on the production rate 65 to $95,000 a month and if price of zinc goes up over $1.10, it’ll be about $150,000 a month. We generate, as I said money from these options, we also do exploration where we have assets whether they’re gold, base metals, or industrial minerals where we advance those assets by doing the exploration required, metallurgical work, doing feasibility studies and so on to create the value – make sure the value is there." For more information, check out their website: www.GlobexMining.com
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