Mine builders panel
Just watched the presentation on 6ix introducing the team GENM has put together. Impressive group of individuals they have brought together to build this mine. It was good to hear them talk about what they've actually accomplished in their careers vs a brief description in a powerpoint presentation.
What really stood out was the depth of experience of some of these people, and they each describe what drew them to the project. They all have deep understanding of different facets of mining, and they all espoused the technical and financial merits of the Marathon project.
It also becomes clear that the board intends on building and operating this mine. It's not just jr mining company talk. The team has all aspects of mining covered from ESG, permitting, operations, metallurgy and concentrate marketing, all the personel are in place.
I've been looking into other projects Knight Piesold manages, and they do some mega projects, damns, hydro power etc, and interestingly Barricks Puelble Viejo tailings project. Barrick needs this to pass environmental assessment, otherwise the mine closes and they lose a true tier one mine. So GENMs tailings is in good hands.
Regarding the Pd price dump, I think it's mostly due to the closure of Japan to international arrivals and the fear that other Asian countries (where most chips are made) will go back into lockdown. Pd looked to be making a nice comeback before all this, and hopefully when it all blows over it will rebound just as sharply, like in 2020.