eResearch | Globex announced that the Company has engaged Canaccord Genuity Group Inc. (TSX:CF) as a Financial Advisor to explore opportunities with third-parties with the purpose of creating additional transactions from Globex’s portfolio of projects with a view to increasing shareholder value.
The engagement with Canaccord was undertaken in an effort to create greater shareholder value and has not been initiated because the Company received any offer.
eResearch wrote an article on November 14, 2019 “Globex Mining – an Undervalued Project Generator” highlighting Globex’s portfolio of over 170 exploration projects and our belief that the company is undervalued.
From our analysis of a small sample of Globex’s properties with NI 43-101 or Historical Resources, we estimated approximately US$30.2 million (C$40.3 million) of in-situ mineral value for the Precious and Base Metals projects.
Currently, Globex has a Market Cap of less than $20 million, therefore our calculated value of this small sample of Globex’s projects is more than the current Market Cap.
Globex was one of the companies featured in our 70-page Project Generator Industry Report. You can download the full, 70-page Project Generator Industry Report by clicking on the following link: eR-IR-ProjectGenerators_2019-09-27_FINAL
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Globex (TSX:GMX)
- www.globexmining.com
- Headquartered in Rouyn-Noranda, Quebec, Globex engages in the acquisition, exploration, and development of mineral properties in North America. It has a mineral portfolio of over 170 early to mid-stage exploration, development, and royalty properties containing precious metals (gold, silver, platinum, and palladium), base metals (copper, nickel, zinc, and lead), specialty metals and industrial minerals.
- Globex is currently trading at $0.33 with a market cap of $18.0 million.
Globex 1-Year Stock Chart
