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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

Comment by Sandblaster1980on Mar 07, 2021 6:41pm
52 Views
Post# 32740208

RE:RE:RE:RE:Once EVs dominate, this company will be obsolete yes or no?

RE:RE:RE:RE:Once EVs dominate, this company will be obsolete yes or no?
EV's will take a while to corner market share of automobiles not to mention the problems for legacy automakers ramping up production. Hyundai just had to do a recall on their EV platform for a potential fire issue, if I remember correctly. Plus most of these automakers have a 2025 timeline for production to start and IMO their volume will come slowly over time, by 2030 they should be going full steam. That should give genm 4 -5 years to mine the palladium and sell it at a decent to great spot price. Then when EVS are dominant they switch over to the copper. This speculation of mine doesn't take into account if palladium finds another way to be used in the economy.
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