Wednesday, June 01, 2022 7:01:02 PM
Hot off the press. Article just out on Globex https://ceo.ca/@geodan/globex-gets-big-royalties-for-free-a-deep-value-stock-for-the-commodity-super-cycle
It is mine, on front page now. Please do comment on the article at the bottom. The more exposure the better. GLBXF should 10+ bag in next 2-3 years. Spread it around on other sites too.
Here is the summation:
Globex Gets Big Royalties For Free, A Deep Value Stock For The Commodity Super Cycle
Summary
Globex is a mining royalty company and a mine and mining claim wheeler/dealer with high growth, and deep value, and that is in the right place at the right time.
Globex often gets a 3% GMR, or Gross Metal Royalty, not the more normal 1% NSR. Since they sell the properties for a profit, those massive royalties are for free.
A 3% GMR is extremely valuable, if a mine they sell produces $2 billion in sales at a 10% profit ($200 million) Globex will get $60 million or 30% of the profits yet has no risk nor investment. If a client miner sells $2 billion of minerals and loses $50 million, Globex will still make the $60 million in profits.
They have over 200 mining properties and dozens of royalties yet are at a dirt-cheap valuation of Allen EV/EBITDA of 1.55, ROCE of 1,926%, Current Ratio of 131 and with Sales Growth of 335%.
Due to having so many deals in place Globex will be a legitimate drilling results news machine on steroids. They pay nothing for the drilling yet benefit greatly when results are good. If 15 clients drill in a year Globex gets the news flow from all of them.
There is only one other deep-value company I know of that gets mining royalties for free. That is GoldSpot. I have a large position in both and think both are outstanding investments.
Globex has high insider ownership and a long record of avoiding dilution and wasteful spending.
Source: Dreamstime.com, public domain
Let's start with Globex's valuation metrics and chart.
While proofing it, bot more. Sold myself
It is mine, on front page now. Please do comment on the article at the bottom. The more exposure the better. GLBXF should 10+ bag in next 2-3 years. Spread it around on other sites too.
Here is the summation:
Globex Gets Big Royalties For Free, A Deep Value Stock For The Commodity Super Cycle
Summary
Globex is a mining royalty company and a mine and mining claim wheeler/dealer with high growth, and deep value, and that is in the right place at the right time.
Globex often gets a 3% GMR, or Gross Metal Royalty, not the more normal 1% NSR. Since they sell the properties for a profit, those massive royalties are for free.
A 3% GMR is extremely valuable, if a mine they sell produces $2 billion in sales at a 10% profit ($200 million) Globex will get $60 million or 30% of the profits yet has no risk nor investment. If a client miner sells $2 billion of minerals and loses $50 million, Globex will still make the $60 million in profits.
They have over 200 mining properties and dozens of royalties yet are at a dirt-cheap valuation of Allen EV/EBITDA of 1.55, ROCE of 1,926%, Current Ratio of 131 and with Sales Growth of 335%.
Due to having so many deals in place Globex will be a legitimate drilling results news machine on steroids. They pay nothing for the drilling yet benefit greatly when results are good. If 15 clients drill in a year Globex gets the news flow from all of them.
There is only one other deep-value company I know of that gets mining royalties for free. That is GoldSpot. I have a large position in both and think both are outstanding investments.
Globex has high insider ownership and a long record of avoiding dilution and wasteful spending.
Source: Dreamstime.com, public domain
Let's start with Globex's valuation metrics and chart.
While proofing it, bot more. Sold myself
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