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Generation Mining Ltd T.GENM

Alternate Symbol(s):  GENMF

Generation Mining Limited is a Canada-based exploration and development stage company. The Company's focus is on the development of the Marathon Project, a large undeveloped palladium-copper deposit in Northwestern Ontario. The Marathon Project is 100% owned by Generation PGM Inc. (Generation PGM), a wholly owned subsidiary of the Company. The Company also has a number of other exploration properties located in Canada. The Marathon Project is located along the Trans-Canada Highway in Northwestern Ontario and covers a land package of approximately 22,000 hectares. The Marathon Project is estimated to produce about 2,122,000 ounces of palladium, 517 million pounds (lbs) of copper, 485,000 ounces of platinum, 158,000 ounces of gold, and 3,156,000 ounces of silver.


TSX:GENM - Post by User

Bullboard Posts
Post by Thatchcayeon Jan 31, 2020 5:23pm
85 Views
Post# 30627726

Palladium Price

Palladium PriceHasn't gone down very much even with all the turmoiling in markets with first Iran and now the Coronavirus. The spread between the bid and the ask price is still $150 a lot of the time. No panic selling because everyone knows that supplies are tight. As soon as the virus gets more contained, China will inject stimulus into its economy to make up for lost time and output. Look for palladium to restart its upward trend at that point. GENM is sitting on $30 billion dollars of the metal at today's prices and at least half of it is theirs. They move fast and efficiently and management is not sitting around waiting for things to happen. They are out making things happen.
Bullboard Posts