Opinions
Fabrice Taylor
Globex Mining Enterprises Inc
GMX-T
BUY
Aug 21, 2017
$0.520
Stock price when the opinion was issued
Mining
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COMMENT
Thinks we are going to have a mining market. It is time for a new super cycle, which makes sense, because we get one about every 10 years. This is an interesting stock in that it is not a mining company, it is a “project generator” which acquires properties, does a little bit of work on them, and then looks for a promoter or entrepreneur for a Shell to put them into. They take a little bit of risk to get the properties, and then put them out to promoters and entrepreneurs. This might be the cheapest mining stock in the world, because the market cap is so small. If you want exposure to junior mining with less risk, this is an interesting idea.
Mining
It is not a mining company, but a project generator. The CEO has done this for 25 years. He then sells off projects to companies that try to turn them into mines. He gets stock and a royalty in exchange. He has about a 160 properties. Some day the CEO will want to sell the company to retire.