Antimony Adds Significant Value To Global Minerals Strieborná Project

Antimony

Global Minerals’ (CTG – $0.08) Strieborná project has excellent on-surface and underground infrastructure, including 3,000 metres of underground tunnels, power, railway access, paved highways and an experienced work force.

In September of 2013, the Company announced an updated NI 43-101 compliant resource. Contained silver in the Measured and Indicated categories increased by 37% over the previous estimate and tonnage jumped 19%. Measured and Indicated resources are 2,290,000 tonnes at 266 g/t Ag, 1.2% Cu and 0.85% Sb (20 Moz Ag, 61 Mlb Cu and 43 Mlb Sb), while the Inferred resources are 0.872 million tonnes grading 211 g/t silver, 0.98% copper and 0.69% antimony.

Antimony is a product of which the reserves are expected to run out in the next 8 to 12 years. Based on the current resource estimate, Strieborná contains about 56 million pounds of antimony with a gross market value of $250 million.

A Preliminary Economic Assessment is being prepared, which will include the results of ongoing engineering studies, results of metallurgical testing, process flow-sheet design and concentrate marketing. When the PEA is published, the Company will review all alternatives for financing Strieborná into production by 2015. The CAPEX is estimated to be below $100 million.

Based on the information in this report and our Enterprise Value / Gold Equivalent calculations, we reiterate our buy recommendation for Global Minerals with a price target of $0.29 or 221% higher than today’s 30-day average stock price.

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