Lawrence Roulston, in his Jan. 16, 2013, edition of Resource Opportunities, refreshes his buy of Globex Mining Enterprises Inc., recently 89 cents. Mr. Roulston said buy on Nov. 7, 2012, at $1.08. A $1,000 investment then is now worth $823. The company recently completed the spinout of subsidiary Chibougamau Independent Mines Inc. (CIM), which began trading on the TSX Venture Exchange Jan. 25, 2013. CIM holds Globex's gold and base metal properties in Chibougamau, Que. These include five past-producing mines that have two deposits with historic resources. According to Mr. Roulston, CIM is well financed, having raised $1.4-million from a flow-through private placement, plus $1.2-million from Globex's chief executive officer, Jack Stoch. It plans to use the financing proceeds for exploration over the year and will begin work shortly at the Berrigan project. Mr. Roulston believes there is significant upside potential in CIM's assets and says that if CIM shares do well, Globex's probably will too. He then adds that the CIM spinout is the first of several similar deals, concluding that Globex "represents an exceptional way to participate in a diversified exploration program."