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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 oilsydon Dec 17, 2022 9:03pm
167 Views
Post# 35178100

RE:RE:This company

RE:RE:This company Tonight, I listened to the most recent interview with Kerry.  I did not really get the same picture as you Y93.  We will get a better idea within 4 months from now.  I have been invested for quite some time so this is not that long for me.

Running the numbers:

240 million from WPM
550 million debt package
100 million leasing package

Total 890 million in funding

Capex has increased up to 25%

Capex is now up to 835 milllion


Negotiating another 275 million from EDC which increases funding to 1.175 billion.

Of course, their numbers could be optimistic.  

OIlsyd.
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