Globex Property Portfolio Worth Multiple of Company’s Current Market Cap
Globex Mining Enterprises Inc. (TSX: GMX – $0.29 & OTCQX: GLBXF – $0.23 & Fra: G1MN – €0.19) is a North American focused exploration and development project generator. The Company has an exceptionally well-diversified portfolio of assets, with exposure to a wide range of commodities.
The value proposition for Globex is enhanced by the strategy to build diversification amongst the holdings of the Company. This means that management is always working to establish ownership of multiple properties, in different jurisdictions, and with leverage to many resources. Globex currently controls more than 160 properties.
Further diversification is achieved through a portfolio of approximately 48 royalty agreements held by the Company. One such royalty has already generated CDN $1.83 million in revenue for Globex in 2018. This is in addition to option revenue.
The combination of these high-quality assets, from control of early stage exploration prospects through to productive royalties on operating mines, enables Globex to fund a variety of work activity while maintaining a pipeline of projects that lower the overall risk profile for the Company.
We reiterate our buy recommendation for Globex Mining Enterprises with a price target of $1.08, which is 272% above today’s stock price.
Download the second quarter 2018 Globex Mining Company Report.
|Smallcaps.us Advice: Buy||Price Target: $2.87||Latest Company Report (pdf)|
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