Globex Mining - Interview with Jack Stoch

Globex Mining - Interview with Jack Stoch

President & CEO, at the Swiss Mining Institute

duration:09:05
views:862
date:21st Jun 2013
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GLOBEX seeks to create shareholder value by acquiring mineral properties, enhancing them and either exploring, optioning or joint venturing them, developing them to production, or in some cases selling projects outright. In addition to acquiring and optioning properties, we explore our own properties to the tune of $2 million or more per annum. Likewise our option partners spend significant exploration dollars on our properties as part of their efforts to acquire an interest in the projects. Unlike most other junior exploration companies, Globex owns its properties many of which are available for option. Globex presently holds more than 100 land packages all of which have either resources or reserves (both NI 43-101 and non-NI 43-101), mineralized drill intersections, mineral showings or untested geophysical targets or a combination thereof, and are located in Quebec, Ontario, Nova Scotia, New Brunswick, Tennessee, Nevada and Washington. The Company has grown without diluting shareholders by optioning land packages from its inventory of properties for cash and shares while retaining royalties on future production. Option partners assume the exploration risk thus allowing Globex to conserve its cash reserves and preventing unnecessary shareholder dilution.


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