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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

Post by danaleon Sep 29, 2023 3:46pm
123 Views
Post# 35662430

Let's Pretend...

Let's Pretend...that GENM is unable to secure the necessary financing.  Anyone wants to venture as to what will happen?  Will they sell?  If yes, what would be a realistic sale share price?  There are a number of large miners who could develop the project from their cash flow.  It seems to me that Jamie and Kerry will get their money back with interest regardless of whether the finincing is secured or s the company is sold.
If you belive this is the case, now is the time to load up.  The only reason you would stay away is if you believe that no one would be interested in buying the company.  However, I have hard time believing that there would not be any interest in buying a fully approved project for at least $1.  A 2.5 times is still a reasonable return.  Seems to be a no lose situation.  So any reason not loading up at .35?  Thoughts?

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