Added to YB: 2024-10-09
Pitch date: 2024-10-08
GMX.TO [bullish]
Globex Mining Enterprises Inc.
+73.27%
current return
Author Info
No bio for this author
Company Info
Globex Mining Enterprises Inc. engages in the acquisition, exploration, and development of mineral properties in North America.
Market Cap
CAD 97.6M
Pitch Price
CAD 1.01
Price Target
N/A
Dividend
N/A
EV/EBITDA
-21.93
P/E
226.65
EV/Sales
67.23
Sector
Metals and Mining
Category
value
Globex Mining: Property Bank and Royalty Company Trading at a Fraction of Potential Value
GMX.TO: Property bank/royalty co with 250+ properties, 100+ royalties marked at zero on balance sheet. 5 promising projects NPV >200M vs 22M EV. Near-term Ironwood project could net 100M+. 2/3 market cap in cash/securities. Buying cheap land during downturns, optioning when market turns. Poised for gains in mining bull market.
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