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.
Orford Intersects Wide Gold Intersections at Optioned Globex's Joutel Eagle Property GLBXF & TSE:GMX | 1 day ago ROUYN-NORANDA, Quebec, June 07, 2022 (GLOBE NEWSWIRE) --
GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchangesand GLBXF – OTCQX International in the US) is pleased to report on gold assays announced by Orford Mining Corporation (ORM-TSXV) on the Joutel Eagle Property along the historical Eagle-Telbel Trend in the Abitibi Greenstone Belt, Quebec. Two (2) drill holes bearing 30° were completed across the northwest trending South Gold mineralized system in an area of historical drilling where historical drill logs were stripped of assays. Previously reported drill hole 22-JE-001 was drilled too far south to intersect the gold zones. Current drill holes 22-JE-02 and 22-JE- 003 did intersect the desired stratigraphy with intersections of up to 46.89 metres of gold values.
Highlights as reported by Orford are the following:
Confirmation of the location of the Historical “South Gold” mineralization system on the Joutel Eagle Property (Table 1). Diamond drill holes 22-JE-002 and 003 were 50m apart along strike with hole 22-JE-002 hitting gold mineralization 140 metres below surface and hole 22-JE-003 hitting mineralization 60 metres above hole 22-JE-002 and 65 metres below surface. Grades of up to 14.7 g/t gold over 0.64 metres included in an interval of 1.11 g/t gold over 20.64 metres were intersected in drill hole 22-JE-003. These are higher than those reported historically from the system in nearby hole 80-19 which reported up to 1.03 g/t Au over 1.45m from 96.7 to 98.1 metresa, although much of hole 80-19 was redacted. Orford has increased the width of the mineralization in drill hole 22-JE-002, previously reported (May 12, 2022) containing grades of up to 10.8 g/t gold over 0.84 metres, to now include an interval of 1.24 g/t gold over 28.10metres within a much broader horizon of 0.97 g/t gold over 46.98 metres in hole 22-JE-002 (Table 1). The upper mineralization horizon contains higher grade sections associated with quartz veining occurring within broader lower grade intervals with abundant disseminated sulphides in altered volcanoclastics. Such intervals include 9.35 metres grading 2.20 g/t gold, and 7.13 metres grading 1.70 g/t gold in hole 22-JE-002. The lower mineralization horizon encountered in holes 22-JE-002 and 22-JE-003 contains massive to semi massive sulphides in a graphitic matrix, similar to what was encountered historically at the Eagle-Telbel mine along strike to the south east.” The Joutel Eagle Property was optioned from Globex as announced on November 30, 2021. Under the agreement, Orford will pay Globex $1,625,000 ($425,000 firm of which $225,000 was received on signing) half in cash and half in shares and undertake $2,775,000 in exploration of which $525,000 is a firm commitment. Should Orford complete the earn in, Globex will maintain a 3.5% Gross Metal Royalty of which 1.5% GMR may be purchased for $2,000,000.
Globex is pleased with the progress by Orford to date and looks forward to Oxford’s continuing efforts exploring the over 50 square kilometres property. Included in the optioned land package is a separate block of cells to the southwest which includes a large number of untested, strong airborne EM anomalies.
Furthermore, recently, Globex was able to acquire by staking an additional 18 cells totaling 1006 hectares directly adjoining the northwest end of the Joutel Eagle property under option to Orford and on the Eagle-Telbel Trend. The new Mistaouac NE Property includes several areas with untested priority, coincident airborne electromagnetic and magnetic anomalies. Globex has compiled the historical data in the area, reinterpreted some of the geology and expects to undertake groundwork on the property this summer.
This press release was written by Jack Stoch, Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.
We Seek Safe Harbour. Foreign Private Issuer 12g3 – 2(b) CUSIP Number 379900 50 9 LEI 529900XYUKGG3LF9PY95 For further information, contact: Jack Stoch, P.Geo., Acc.Dir. President & CEO Globex Mining Enterprises Inc. 86, 14th Street Rouyn-Noranda, Quebec Canada J9X 2J1 Tel.: 819.797.5242 Fax: 819.797.1470 info@globexmining.com
Rouyn-Noranda, Quebec, Canada. GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that it has received a three-million-dollar cash payment from Yamana Gold Inc. The payment is the second in a series of five payments payable to Globex over a 5-year period from the sale of the Francoeur/Arntfield/Lac Fortune gold properties to Yamana, for a total of fifteen million dollars ($15,000,000) plus a two percent Gross Metal Royalty (2% GMR). Three annual payments totaling eight million dollars ($8,000,000) remain outstanding. The current three-million-dollar payment is not subject to tax as Globex, under Revenue Canada policies, has already paid the taxes on the full fifteen million dollars receivable.
Globex also received a cash payment of $50,000 from Electro Metals for the Magusi project and $20,000 from Manganese X Energy Corp. as a first advance royalty payment.
Globex is fortunate in that it owns its over 200 assets including royalties as well as real-estate in Rouyn-Noranda and Toronto, has no debt and approximately twenty million dollars in cash and shares ($20,000,000) of other companies. We are currently advancing several projects through exploration including airborne magnetometer surveys, prospecting and mapping, stripping and shortly diamond drilling.
This press release was written by Jack Stoch, Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101. Find out more about Globex here... and MGM here. Entreprises minières Globex Mining Enterprises Inc. 86, 14e Rue Rouyn-Noranda, Québec J9X2J1 Canada http://www.GlobexMining.com
Forward Looking Statements: Except for historical information, this news release may contain certain "forward looking
Globex Mining Enterprises Inc. “At Home in North America” 55,618,636 shares issued and outstanding August, 18, 2022
Globex Acquires Quebec Dolomite Deposit Rouyn-Noranda, Quebec, Canada. GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that it has acquired 100% interest in the Pointe-Aux-Morts dolomite deposit located approximately 5 km west of Havre St-Pierre, Quebec, on the north shore of the St- Lawrence River.
Previous work by QIT Iron and Titanium in 1980-1981 consisted of 56 drill holes which outlined a historical non-NI 43-101 compliant resource of +23,405,000 tonnes grading 20.5% MgO, 30.5% CaO and 0.92% SiO2 (QIT-Fer et Titane inc., Research Department, Mineral Science. Section, Project No. P-50-RP, Havre St-Pierre Dolomite Project, Exploration Final Report by D. Cossette, December 11, 1981
Globex Acquires Quebec Dolomite Deposit Rouyn-Noranda, Quebec, Canada. GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that it has acquired 100% interest in the Pointe-Aux-Morts dolomite deposit located approximately 5 km west of Havre St-Pierre, Quebec, on the north shore of the St- Lawrence River.
Previous work by QIT Iron and Titanium in 1980-1981 consisted of 56 drill holes which outlined a historical non-NI 43-101 compliant resource of +23,405,000 tonnes grading 20.5% MgO, 30.5% CaO and 0.92% SiO2 (QIT-Fer et Titane inc., Research Department, Mineral Science. Section, Project No. P-50-RP, Havre St-Pierre Dolomite Project, Exploration Final Report by D. Cossette, December 11, 1981
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