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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

Post by Supertweetyon Nov 24, 2021 12:11pm
203 Views
Post# 34161869

Palladium Rarity (Perspective is everything)

Palladium Rarity (Perspective is everything)All over the internet you read Palladium is 30 times Rarer than Gold. Perspective: it's all how you look at it. If you run the numbers and look at the facts and the true figures. Palladium is over 1000 times Rarer that Gold. The numbers I used are above ground Bullion holdings (public and private) sitting in ETFs, Hoards, Safes, Valts, buried in the back yard. The internet puts World Gold holdings at about 171,300 metric tons. The best number I could find on World Palladium investment holdings and hoards is only about 3 to 5 million Troy ounces. Bottom line: After the chip shortage and the car makers go to full production. There is only enough extra Palladium in ETFs and hoards to cover a few more years of shortages. $$$$$$$$
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