LOS ANGELES, Oct. 19, 2023 (GLOBE NEWSWIRE) -- via IBN – IBN, a multifaceted communications organization engaged in connecting public companies to the investment community, is pleased to announce the release of the latest episode of The Bell2Bell Podcast as part of its sustained effort to provide specialized content distribution via widespread syndication channels.
The Bell2Bell Podcast delivers informative updates and exclusive interviews with executives operating in fast-moving industries. Bell2Bell’s latest podcast features the return of Richard Clowater, President of GEMXX Corp. (OTC: GEMZ), a mine-to-market enterprise specializing in gold, gemstone and jewelry production.
To begin the interview, Clowater expounded on a recent news release detailing why the company’s management team feels GEMXX is currently undervalued.
“Since its inception, GEMXX has always looked for resource assets that are commercially viable. To date, we’ve acquired five properties, but only one of those properties has a partial assessment known as an S-K 1300, which is a report produced by a qualified professional,” Clowater explained. “These reports offer comprehensive insights into mineral resources, reserves, exploration, outcome and the technical intricacies of a project. That being said, the report is not required to determine if a property is a good acquisition – if you have enough mining experience.”
“Prior to purchasing any resource asset, GEMXX completes due diligence and conducts resource confirmation estimates of its own. This includes but is not limited to core samples, trenching and bulk sampling. These preliminary test results, combined with our decades of mining experience, allow GEMXX to quickly estimate the resource at a high level and determine its commercial viability and the potential ROI for each property. But as a rule, the company does not add any resource to the balance sheet until it has been confirmed by an independent third-party professional. That is why we own four very large assets that do not appear on the balance sheet, thus undervaluing the company and the assets that it owns.”
“Even after a professional assessment is completed by the experts, the asset’s value will undergo a substantial 90% discount before it is integrated into the balance sheet. For us, this reflects its net present value prior to extraction from the ground. As an example, we have an active gold mine at Snow Creek. It’s producing gold, and we are meeting all the numbers that we laid out in our preliminary testing. But without a third-party report, we as a company choose not to put that asset on the balance sheet… These pivotal assets – two gold resources and two significant Ammolite gemstone claims – that have not been included on the balance sheet pending validation… could increase the company’s resource base to as much as $976 million. Discounted 90% as we do, that would take the company’s resource book value from $14.7 million to as much as $97.6 million – a 6x value increase.”
Join IBN’s Stuart Smith and Richard Clowater, President of GEMXX Corp. (OTC: GEMZ), to learn more about the company’s recent news, including an LOI to acquire 50% of an historic Yukon gold project.
To hear the episode and subscribe for future podcasts, visit https://podcast.bell2bell.com.
The latest installment of The Bell2Bell Podcast continues to reinforce IBN’s commitment to the expansion of its robust network of brands, client partners, followers, and the growing IBN Podcast Series. For more than 17 years, IBN has leveraged this commitment to provide unparalleled distribution and corporate messaging solutions to 500+ public and private companies.
To learn more about IBN’s achievements and milestones via a visual timeline, visit: https://IBN.fm/TimeLine
About GEMXX Corp.
GEMXX Corp. is a publicly traded, mine-to-market gold, gemstone and jewelry producer with global reach that owns mining resources, production facilities and operating assets. GEMXX controls each stage of its production, including gold mining, gemstone production, jewelry manufacturing and global distribution.
GEMXX is a leading producer of top-quality finished Ammolite and Ammolite jewelry. The company’s world-class gemstone cutters and jewelry designers are continuously leading the Ammolite industry in new and exciting directions. Its management team is made up of the industry's leading experts, with a combined total of 160 years of Ammolite gemstone and jewelry business experience.
For more information, visit the company’s website at www.GEMXX.com
About IBN
IBN consists of financial brands introduced to the investment public over the course of 17+ years. With IBN, we have amassed a collective audience of millions of social media followers. These distinctive investor brands aim to fulfill the unique needs of a growing base of client-partners. IBN will continue to expand our branded network of highly influential properties, leveraging the knowledge and energy of specialized teams of experts to serve our increasingly diversified list of clients.
Through our Dynamic Brand Portfolio (DBP), IBN provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) Press Release Enhancement to ensure maximum impact; (4) full-scale distribution to a growing social media audience; (5) a full array of corporate communications solutions; and (6) total news coverage solutions.
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Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
Podcast/interview contains forward-looking statements made by GEMXX. These statements may include the words “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate”, “project”, “will”, “may”, “targeting” and similar expressions as well as statements other than statements of historical facts including, without limitation, those regarding the financial position, business strategy, plans, targets and objectives of the management of GEMXX Corp. (the "Company") for future operations (including development plans and objectives). Such forward-looking statements involve known and unknown risks, uncertainties and other important factors which may affect the Company's ability to implement and achieve the economic and monetary policies, budgetary plans, fiscal guidelines and other development benchmarks set out in such forward-looking statements and which may cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.
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