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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 Y93H1979on Sep 05, 2022 8:54pm
158 Views
Post# 34942808

RE:Fundamentals

RE:FundamentalsI keep thinking about this. The market is so depressed right now I wouldn't be surprised to see the EA approved/accepted and nothing happening to SP. The risks I see going forwards are the permits (small) and the financing/equity component. With the securing of the mill I don't see that the equity component will be that large. Obviously inflation is another unknown. 

Right now I think the general malaise in SP is due to the overall market and not those 3 unknowns listed above. I'm really tempted to sell some other holdings and add to my GENM position. Maybe I will wait until some of those unknowns are answered. If the market does not react to a positive answer, I will definitely be adding more. This really does remind me of the Jim Rogers quote "a pile of money just sitting in a corner" waiting to be picked up
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