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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 JAUBE123on Jun 12, 2021 12:58pm
71 Views
Post# 33377873

RE:BUYOUT decision in June...soon... very soon!

RE:BUYOUT decision in June...soon... very soon!

Solid summary thank you .
the Ontario government needs some tax revenue . They can't be dragging their feet on projects like this. Their best bet to recover from the covid hit is to depend on the development of northern Ontario . 

I believe the word is getting out about GenM but few are still aware of the economics of this robust project. And a lot are weary to invest big dollars of the early stages of a mind like this. Although those of us who have done our DD over the past yr/yrs who understand the caliber of management involved and know an IRR like this in mining is a rare thing. We Know this is completely de-risked as far as building a mine goes. My only concern is the potential of more dilution. I think that's holding us back. Knowing the market, that could cause us to dip only to rebound 2-3fold once it's completed.

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