RE:A tale of 2 stocksI agree, Rainyday.
Fine is a relative term in this instance.
GENM when compared to many companies in similar situations, throughout the junior mining sector and considering the market over all, has done considerably better than many others over the medium and long term. And for good reason.
There is also the fact that the projects that go from exploration to to become mines is measured in hundredths of a percent.
That Generation management has been able to keep the project moving and get past EA approvals during a pandemic is undeniable and no small feat.
https://oma.on.ca/en/ontario-mining/Mining101.aspx There is no way of predicting where profitable ore deposits will be found. Each prospector and investor may fervently hope for the next "big find", but only 1 in 10 mineral exploration projects are taken to the drill stage, and 1 in 1000 drill programs unearth viable mineral deposits; ultimately, less than 1 in 10,000 projects become mines. It typically takes ten to fifteen years of consultation, exploration, data analysis, planning and financing to bring a mine into production.