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 ...