Globex Mining Enterprises Inc (GLBXF)

[NYBob]

The Globex Yamana Deal

in addition to the material amounts to be paid by Yamana, of note were
some of the statements made by Yamana in their description of the
transaction:

Yamana has a Feasibility Study already done on the adacent property
(2018);

Since that time, they have made material improvements which enhance
the economics;

It will announce by way of an update a Revised Feasibility; and

It will announce a decision to bring its project into production.

The revised figures should reduce Yamana's all in sustaining costs.

These 4 points are independent of the Globex transaction.

My read is that these points are significant for Globex:

a) Yamana does not "need" the Globex property to make a
production decision at Wasamac;

b) Production can be achieved without having to wait for Globex
new results or even compiling and incorporating the historical data;

c) the cost of developing a resource on the Globex ground
should go down significantly with adjacent production;

d) the timeline to possible production is reduced; and
finally

e) the probability of the Globex royalty coming to fruition is increased and accelerated.

Well done Jack!

http://www.globexmining.com


https://www.globexmining.com/staging/admin/news_pdfs/2021-06-14%20Globex%20sells%20Francoeur_Arntfield_Lac%20Fortune%20Gold%20Property.pdf


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Ps.
opinion appreciated
TIA