Generation Mining Ltd T.GENM

Alternate Symbol(s): GENMF

Metals & Mining Industrial Metals & Minerals

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.

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Generation Mining Ltd > I am surprised the price is not a lot higher

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Post by seriousinveston Dec 22, 2021 12:23pm

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Post# 34254859

I am surprised the price is not a lot higher

It was over $1 when it looked like SBSW would buy 51% of the mine and arrange the financing but GENM would still have to pay its share and it was unclear how it would be able to finance that. Now we own 100% of the mine and are clearly going to be able to arrange the financing. I realize PT prices have dropped since then but this appears, at least to me, to be a much safe investment now then it was last summer but the price is significantly lower.

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