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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 Jan 11, 2022 8:14am
148 Views
Post# 34302729

Palladium has an Excellent 10 year Future: hybrid vehicles

Palladium has an Excellent 10 year Future: hybrid vehiclesDon't fear all the reports of the big car manufacturers saying they will be going all electric in 10 to 15 years. All those news stories leave out the Fact that all the cars companies know the average car buyer will need to take baby steps before they buy all electric, they will need to buy a Hybrid Vehicle or 2 first before they go all electric. The sale of Hybrids will sky rocket in the next 2 to 10 years. Add in the chip shortage, when the Marathon mine opens for business, the first 7 years of production, the price of Palladium will be $2500 - $3500 an ounce. Look for earning per share of $1.50 to $3.00 US during the first 7 years of Mine production. 10 years down the road the price of Palladium will eventually drop to the same price of Platinum. The price of Copper will carry this mine to a 25 + year life.
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