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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 Sep 26, 2022 12:30pm
132 Views
Post# 34986815

RE:RE:RE:RE:why the stock has dropped from over$1 to under $.80

RE:RE:RE:RE:why the stock has dropped from over$1 to under $.80I went back and reread your posts (I too am a long-term investor). I particularly liked your opinion that the mine will be opened over the next few years. I find that a lot of the focus on this board is short-term - and that's true of many other Stockhouse boards as well. While I do expect the permit approvals to be received as scheduled - and certainly I want that to happen - it's not 100% certain. If, for some unexpected reason, the permits are not approved on schedule there will be a negative reaction for sure but I think it will only be a delay - this project is too good to lie dormant forever. Since you wrote this post the VIJX (which I think is a reasonable proxy for this type of stock) has dropped about 20% - and many juniors have been hammered much worse than that. GENM is a good investment for patient long-term investors - in spite of the current market.
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