Why Globex Mining is One of the Best Investment Options As Precious Metals Rise

Globex Mining Enterprises Inc. (CA: GMX – $0.37 & US: GLBXF – $0.26 & GER: G1MN – €0.24) 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 working to establish ownership of multiple properties, in different jurisdictions, and with leverage to many resources. Globex currently controls close 200 properties and/or property royalties.

The combination of attractive property holdings, a diversified business model, and a clean balance sheet with a well-funded treasury and no debt, has positioned Globex as one of the best junior mining stocks in Canada.

As prices of precious metals continue to rise, the potential for a new bull market phase is emerging. Historically, smaller exploration companies like Globex have presented one of the best options to participate in a resource bull market.

Globex anticipates continued payments on the royalty held for the Mid-Tennessee Mines operation. Several other advanced projects are approaching development or production that may begin contributing an income stream as well.

Globex has a share buyback program in place with which it can repurchase up to 1 million of its own shares in the public market This additional buying activity may support a higher overall share price for the stock. The program is an extension to two previously completed NCIB’s form prior years during which Globex repurchased and cancelled a total of 1,583,500 shares.

We reiterate our buy recommendation for Globex Mining Enterprises with a price target of $1.08, which is 191% above today’s stock price.

Download the fourth quarter 2019 Globex Mining Company Report.

Smallcaps.us Advice: BuyPrice Target: $2.87Latest Company Report (pdf)
For important disclosures, please read our disclaimer.

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