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Generation Mining Ltd T.GENM

Alternate Symbol(s):  GENMF

Generation Mining Limited is a Canada-based exploration and development 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 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 IgnacioCashmereon Jan 20, 2021 1:00pm
84 Views
Post# 32334342

RE:GENM is further ahead than NAM.V but...

RE:GENM is further ahead than NAM.V but...
Are you investing to make money or to make a story? 45k oz is 900 million at 100% recovery, big deal. If you want to invest in the most glamorous metal congratulations, you get a T shirt so you can brag " I own a rhodium mine". Most of us invest to make money, not "be a part of a story". GENMF owns 80% of an $11.2 billion USD pretax polymetallic resource. We are here taking risk to translate dollars in to more dollars, not for bragging rights. Rhodium market is extremely thin, it can go down as fast as it went up. It will price itself out of a job if it keeps going up because there are alfernatives. NMTLF might find a partner just for their rhodium, but all of their metal grades are low, they must have high prices are they cant even break even. Good fortune to you, this isnt a mutually exclusive selection of junior miners, most of us own many, each for different reasons.
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