JRI 36: Globex Mining. CEO Jack Stoch explains why, when it comes to his company, patience pays.

Time Stamps Below.

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Globex (GMX.T, GLBXF, G1MN) is a "project bank" developer and royalty company consisting of 232 different land claims and 90 royalties. Jack Stoch is a capable CEO running a smart company trading at a deep discount to its intrinsic value. Patient investors will have a great opportunity at powerful returns by buying into this “mini-ETF”.

Time Stamps:

00:30: Elevator Pitch

1:30: Jack’s history

02:45: Philosophy of Jack’s Business

05:45: Ever felt the need for financing?

07:00: Jack’s Team

09:30: Question about management compensation and strong 2022 company performance

11:00: Flagship holdings discussions – Emperor, Yamana, Talc, Dolomite

19:00: Talc project follow-up questions, contact with large companies, when to expect updates

22:20: Jack’s preferred outcome for his project deals – JV vs. option vs. royalty – and why

26:00: Patience and Lack of dilution risk as a cornerstone of Globex

26:40: Royalty revenue – now and future (3 advanced or in production)

29:50: Taking a project into production themselves

30:30: Royalty revenue projection discussion

33:30: Jack’s attitude to share-based compensation (hold vs. sell)

35:00: What are his plans with all the cash and assets they have?

38:00: Plans for their royalty package

39:00: Challenges of a running a public company

40:00: Does his cash on hand change his strategy?

41:15: Why does Globex trade at such a deep discount to its fair value?

45:20: How is that solved?

48:50: Royalty cos getting credit for future revenue

50:00: Discussion about Ironwood project and future announcements/production

51:10: Silidor granite project – are they receiving royalty/tonnage payments?

52:30: Mine length of granite quarry?

54:15: Jack’s plans for Globex after his retirement

58:00: Final thoughts to Jack

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