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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 Sacks45on Mar 09, 2022 7:33am
86 Views
Post# 34498421

RE:I've been tempted to dump this a number of times

RE:I've been tempted to dump this a number of timesValid points Permit is coming Capex is high but Payback is fast and this is a huge project. Expenses afterthree years will only be labour and maintaining equipment. Financing deal in place for 30% of Capex that should encourage lenders. Palladium yes unpredictable but not at the 1750 we are working with. There are no gasoline cars available in the market. A lot of companies have pushed their ev debut. The 2030 50% hybrid and ev will only be in 1st world countries and gulf states the 80% left can't afford the new technology yet. I don't think 50% by 2030 is attainable more like 2035-2040 by then I'm either really old or dead so I wouldn't care lol. Ev cars have to be Able to be charged from empty to full in less than 10 minutes so people can feel secure to use it as a main vehicle. Infrastructure I think is there if they can strike a mutually profitable deal with existing gas stations. Plus there is not enough supply of raw materials to assume that this push for ev will be on schedule. So relax we are almost there I think if you sell now more likely than not u will regret it. Once the permit is approved this will be bought out at atleast 2x current price.
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