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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 oilsydon Aug 18, 2021 3:20pm
112 Views
Post# 33724763

RE:RE:RE:Next 3 holes

RE:RE:RE:Next 3 holesThe amount of money they are spending on drilling is peanuts compared to the cost of building a mine and if they find the source of that high grade stuff, we will all be very well rewarded.  In any case, you don't want to be in a situalion where the reserve life index is declining. The constant expansion of the resource base will be reflected in the share price as we move towards production.  I am guessing from your post that you are worried that a share issue  (at the current low share price) will be needed to keep up the drilling program.  In my opinion, we will have permits and financing done within the next 7 months and we will be looking at a very different company with a much bigger market cap.

GLTA

Oilsyd.
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