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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 Supertweetyon Jul 21, 2022 7:40pm
87 Views
Post# 34841943

RE:RE:RE:RE:Less than a month until decision

RE:RE:RE:RE:Less than a month until decisionIf GENM has to sell shares to make the bank happy, there shouldn't be too much dilution as long as they don't have to sell the shares until after they have their permits in hand. Next Spring when they have their permits and start building, this stock will be $2 or more a share.  The bank isn't going to let GENM draw on the loan funds until the permits are issued. So GENM shouldn't have to sell shares until that point either.  
With regards to paying dividends in the future, Kerry has already stated he believes any mine making money should pay dividends to the shareholder. Last year during one of the Renmark presentations I asked the question about dividends when the mine is built and operating.
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