Page 96 exploring, optioning or joint ven - turing them, developing them to production, or in some cases sell - ing projects outright. The company has 125 properties and only operates in North Amer - ica. Unlike most other junior ex - ploration companies, Globex owns its properties, many of which are available for option. Roskill Consulting Group Ltd. says in an Analysis of the North American Markets that: “Concern over the supply of bright talc from China has been mount - ing for some years and the degree of concern is growing. One reason for this is that China’ s reserves of bright talc are declining; many mines no longer have reserves of high-quality talc. The price of Chinese talc is also on an upward trend......” The only talc producer locally is Imerys T alc Canada that operates a talc mine in Penhorwood T own - ship west of T immins and a pro - cessing plant on the former Hol - linger Gold Mine site in the centre of the city . Stoch also says “as regards to f - nancing for the frst phase of the $335 million project, Globex has engaged Peter Gray of Katchchar Consulting LLC of New Y ork to lead the ef fort to raise the initial $50 million required to build the 100,000 tonne talc plant, complete permitting, mine development , etc. within the frst two year period. Gray has more than 24 years of corporate and investment banking experience, a substantial portion of which has been focused in the ener gy and resources segment. T ransactional experience incl udes project and structured fnance debt and advisory , buy and sell-side ad - 332 Main Street P .O. Box 716 Haileybury , Ontario P0J 1K0 T elephone: (705) 672-3324 Facsimile: (705) 672-3325 SEI is a multi-faceted, environmental consulting rm located in Northern Ontario. Our principle services include: • Environmental Acoustic Assessments • Environmental Compliance Approvals • Mining • Compliance Reporting • Drinking W astewater T reatment • Environmental Monitoring • Environmental Modelling • Fuel Storage Facilities • Land ll/Solid W aste Management • Pits Quarries • In ltration and In ow Studies 332 Main Street, P .O. Box 716 Haileybury , Ontario P0J 1K0 T elephone: 705 672-3324 Facsimile: 705 672-3325 www .storyenvironmental.com joint venture partner Drinkard Meta - lox Inc. (DMI) who holds a 10 in the property while Globex holds 90interest in the property . Globex seeks to create shareholder value by acquiring mineral prop - erties, enhancing them and either Cont’d from pg. 93 Cont’d on pg. 95 Globex to cr eate shar eholder value “The Porcupine Camp” A New Golden Era Page 94