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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 Dec 27, 2021 8:05am
300 Views
Post# 34263344

Why is anyone selling this stock ???

Why is anyone selling this stock ???There is now a 99% chance this mine will be built and fully operational in about 3 years. At $2000 Palladium and $4.50 Copper this mines first full year of production will have earning of about $450 -$500 Million US dollars. That will work out to over $2.00 Earning Per Share US Dollars for the first full year of production. To be extra conservative I used $900 instead of $800 per ounce all in costs in my calculation. My question is still: What idiots are selling their GENM stock at these low prices?
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