A head's up from mimur on SI
Globestar Mining Corp (C-GMI) - In the News
NP says get Globestar into your portfolio's orbit
2007-03-30 07:27 ET - In the News
Shares issued 77,734,046
GMI Close 2007-03-29 C$ 1.54
The National Post reports in its Friday, March 30, edition that AGF Fund portfolio managers Charles Oliver and Jamie Horvat are bullish on base metals. The Post's Sonita Horvitch writes that Mr. Oliver and Mr. Horvat believe "global economic growth remains intact and the supply/ demand equation for key commodities remains favourable." The two managers see potential in Globestar Mining. Globestar is a diversified small-cap base- and precious-metals producer. Globestar keeps its headquarters in Toronto. Globestar's lead project is the fully permitted Cerro de Maimon copper-gold project in the Dominican Republic. Expectations are for it to be in production in late 2008. The big upside in this stock, Mr. Horvat says, is Globestar's 38,000 hectares of nickel concessions in the Dominican Republic that are adjacent to a producing mine. Globestar stock gave back three cents to finish on the Toronto Stock Exchange Thursday at $1.54. The stock has a 52-week trading range of $1.85 to 67 cents. Mr. Oliver says gold is in its own category. He says, "It is increasingly being seen as an important store of value. He feels bullion could reach $1,000 per ounce over the next three years.
