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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 Dec 17, 2022 12:23am
190 Views
Post# 35177310

RE:This company

RE:This company I'm starting to think the same way re: buyout Sacks. From Kerry's most recent interview, it sounds like up to 100mil (10-15% of capex) might need to be raised in equity (up to - in the absence of a further stream or pre selling concentrate). While this would not be devastating, as it would fund us through to production, if the MC stays this low, it will be more dilution than I had initially expected. If MC is 250-300mil by that stage, then no big deal, but if not, it may be in our best interests for a bidding war between prospective buyers. It would also allow for a quicker re-depolyment of my funds, which I would appreciate as there is so much value in the jr miing sector right now!

I'm reminded of the Namdini deposit in Ghana which went from around 40c to just over $1 after the Chinese and Russians started bidding for it. Marathon is better than Namdini and in Ontario, so worth much more IMO. Sentiment on the Cardinal resources boards was also quite negative at the time due to the depressed share price. But once final permits were granted and the bids came in, how things changed.
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