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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 Rainydayon Jun 08, 2022 11:36am
75 Views
Post# 34740389

RE:RE:RE:RE:RE:RE:RE:News

RE:RE:RE:RE:RE:RE:RE:NewsYes - that would be an excellent question to ask. Management is, of course, totally correct in wanting to avoid or minimize dilution for shareholders. And if the company gets $400 million of senior debt and a $200 million EDC loan on top of the $240 million Wheaton financing then the need for a private placement is minimal. That said, I think we investors may be somewhat overly concerned about that issue. This stock is so deeply below its real value that the outstanding shares could double - or even triple - and still be undervalued! (I did the math!)   :)) 
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