CEO Jack Stoch Explains Why Globex Could Have a Banner Year in 2018
As it had been a few months since our previous interview with Mr. Jack Stoch, the President and CEO of Globex Mining Enterprises (TSX:GMX – $0.43 & OTCQX:GLBXF – $0.32 & Fra:G1MN – €0.27), it was high time to discuss all the exciting developments that had taken place, and will take place in 2018, at the exploration and development project generator.
Mr. Stoch first delivers plenty of valuable information about the Company’s major acquisition of the historic silver mining district in Germany, called the Bräunsdorf license. He shares why specifically that property was acquired and what his plans are with it in the coming months.
The CEO furthermore provides details about the recently completed private placement in which the Company raised $550,000 at an issue price, that was 55% higher than Globex’ previous day closing price.
The interview also takes a look at the reasons behind Globex’ somewhat softer third quarter financial results, and why they look so much better in the current fourth quarter. Mr. Stoch provides a thorough overview of the option and royalty income that was received since October 1st, 2017.
While on the subject, the CEO also touches upon the revenue goals for 2018. He reveals that they are discussing a number of new deals, of which a particular one sounds extremely exciting. In fact, if that one goes through, the first year option payment would be larger than the entire revenue in the fourth quarter of 2017.
In addition, investors find out more about a number of Globex’ projects that alone justify the Company’s entire market capitalization. The interview, for example, digs deeper into the potential of the Francoeur-Arntfield Gold Mines. Moreover, Mr. Stoch provides us with plenty of critical information on the huge potential of Globex’ Timmins Talc-Magnesite deposit.
Finally, he discusses some of the highlights that we can expect from Globex in 2018.
Access our interview by clicking the play button on the media player below,
or download our convenient transcript.
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