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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 my69zon Aug 25, 2021 8:42pm
123 Views
Post# 33765734

RE:RE:Now $150-$170m stream offered.

RE:RE:Now $150-$170m stream offered.Yes sir! Turning down 25% of the Cap-x, via 5% of the payable metals, is pretty serious 
stuff. I have seen many juniors mention turned down good offers, to many months later, 
it's gone south, etc.. To me, if not going to do this deal, even after he said Mgt wanted to, 
then Kerry needs to stop telling us about it. 

A partner ---- they said that was not an option because they can finance/build this, on their
own. Which then of course could possibly be playing into the whole "buy-out", we're talking 
about right. So.....

Dilution --- $12m in the bank. A couple mill in warrants. According to recent videos, do need 
$40m until Feb. 2022. So yea, there should be zero dilution. Let alone when you're looking 
at currently turning down $170m. ( aaaah, that just does not sit right with me). 

A deal like that alone, would blast this share price, of course in-turn effecting any "dilution".

But, my soap box tells me they are really wanting a buy-out.
They do not want to build this. They can, but don't want to.

They all still make big dollars on even a hypothetical $5-$6 pps.

Any who.....we shall see.
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