Globex Mining CEO Jack Stoch Opens Up About Solid Progress Being Made
We’re excited to have Mr. Jack Stoch, the President and CEO of Globex Mining Enterprises (TSX:GMX – $0.36 & OTCQX:GLBXF – $0.27 & Fra:G1MN – €0.22), as our guest for today’s interview. Globex is a well-respected North American focused exploration and development project generator. Lots of exciting developments have taken place at the Company since our previous interview, so we have plenty to talk about.
The interview first touches upon one of the most exciting projects in Globex’s portfolio, the Francoeur/Arntfield Gold Mines. Mr. Stoch provides details about the new zone that was recently discovered on the property, and the upcoming work they have planned to make Francoeur/Arntfield even more valuable and attractive to option it out.
Next, a substantial portion of the interview is devoted to the massive Bräunsdorf project, located in Saxony, Germany. The CEO describes the potential of the property and all the work that was conducted on it during the past several months. In addition, he explains the path forward, with an airborne survey, which will potentially be followed by a drilling campaign.
When talking about the transactions that Globex conducted the past several months, Mr. Stoch reveals that the Company in fact closed a few deals, but that he can’t communicate about them at the moment as the option partners have asked him to. Interestingly, the Company has received plenty of enquiries from Australian mining companies lately to option properties.
The work and progress of Globex’s current option partners also receive plenty of attention in the interview. Listeners, for example, find out that Globex expects to start receiving a new royalty stream late 2019 or early 2020 from a lithium deposit that is scheduled to go in production.
Mr. Stoch also talks about the ongoing Private Placement at a +30% premium to Globex’s current stock price. In addition, he touches upon the substantial number of Globex shares that he himself bought in the open market back in June.
Access our interview by clicking the play button on the media player below.
| Smallcaps.us Advice: Buy | Price Target: $2.87 | Latest Company Report (pdf) |
| For important disclosures, please read our disclaimer. | ||