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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 TrumpThison May 18, 2021 12:08pm
95 Views
Post# 33222261

RE:Excellent Management firing on all cylinders...

RE:Excellent Management firing on all cylinders...Great to hear YQTlanding & Lifexprt that you had great entry points and backed up the truck, believing that management and the property was the assurance that GENM had a bright future - in troubled times of Covid. It takes good DD effort to do the digging. To know and understand the 'story' is key to accepting the risk and having the patience - like any stock - to wait for the SP to grow. Great move & gutsy for your daughter YQT.

Talking about patience, few have had my patience, as I gave Leon LaPrairie $5k in 1993 for the IPO of Darnley Bay Resources (DBL) that was finally completed 1995/96 as I believed in the difficult northern Anomaly story. Leon knew my grandfather so we had a connection of trust. Later to help in very quiet Jr times, very old Leon brought in the successful Kerry Knolls, and then Jamie Levy to carry on. Due to the extremely high cost of exploring the Darnley Bay Anomaly, they acquired and flipped the Pine Point (PP) zinc project to Osisko, so they could spin out and buy the Marathon Pd/Cu project.

https://www.globenewswire.com/news-release/2018/09/12/1569637/0/en/Generation-Mining-s-Survey-Images-the-Source-of-Darnley-Bay-Anomaly.html
“What we are seeing at Darnley Bay are very similar geophysical characteristics to that of many of the great mineral deposit systems around the world.”

People like Patty Mannard and Stephen Reford have remained loyal & valuable all these years.

I bought in the markets over the years, was in multiple PPs and accumulated 1.6M shares, but through two consolidations of re-organization I was left with only 30k, which I've since grown to 215k all the way up to the $1 range. So, my patience and paper losses are now very rewarded. As a bonus I have also lots of OM.

At days end, after Marathon is operating (or sold at a very high multiple) GENM still has the DB Anomaly to prove out. Then, that will be a 'story'!

I assume YQTlanding is from the good city of Thunder Bay!
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