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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 Sandblaster1980on May 29, 2021 5:38pm
119 Views
Post# 33293152

RE:Crux Investor Interviews Kerry @ Generation Mining

RE:Crux Investor Interviews Kerry @ Generation Mining
bargnhillbilly wrote: YouTube May 27th. 2 days ago. HIGHLIGHTS.1. It mentions Sibanye and how it affects financing till that deals done .2.GENM would like financing for 20 to 30 million pretty soon. Not for drilling but to purchase mining supplies to hit the ground running after the permits are in place as Kerry mentioned. 3.Pay back on the mine could be as short as 14 months. 4.Copper at todays prices could pay for mining all the other metals. Sounded like Kerry had a line of sources willing to finance the mine. But again the Sibanye deal is standing in the way. I figure a placement is coming but before or after the Sibanye decision? This is all my opinion from what I heard on the video and not intended as investment advice. GLTA  My favorite video so far!


I would guess the financing for the lead time mine equipment would be done after Sibanye-Stillwater makes their decision. If SBSW buy back in to 51% then I would assume that the stock price would appreciate in value and would be less dilutive to shareholders. If they don't buy back in then genm would have a clearer picture of what they need to do and how to approach the financing , plus with SBSW out of the picture other interested parties would step in. JMO.
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