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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 Sacks48on Nov 30, 2022 9:47pm
144 Views
Post# 35141756

RE:Old Turkey

RE:Old TurkeyIn most cases I would tell you taking a profit is fine and even in this case if you have a number and you reach it they get out if ur happy. For myself though I find myself in a stock that on paper is excellent and has very strong support from a world producing palladium,  wheaton amongst others. I usually sell because I don't wanna regret it later and blame myself for the warning signs I ignored. Genm does not have any warning signs so far. While the permit is the most important milestone, the heavy works starts now. If I end up being wrong and loose money here then I won't blame me or management as the only way I see that happen is a complete stock market breakdown or the prices of our commodities drop below profitability line. I think both scenarios are more unlikely than they are likely to happen. Of course the company will hit a few bumps along the road( you don't build a 600million dollar mine without bumps doesn't matter how experienced you are) ill weather those bumps because in my mind there are too scenarios a) a buyout( very possible) or a 3-5 dollar price tag for this stock in the long run. Having said all that nothing in the stock market is guaranteed but this is as close as you can get when it comes to junior miners. Unless they pull an moz move we will be ok.
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