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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 BetontheFed1on Feb 28, 2023 4:34pm
86 Views
Post# 35310841

RE:Lion battery 2

RE:Lion battery 2Looking at the Platinum Metals Group article posted by Sacks48 you can see that PMG's new mine projects .04 gpt of Rhodium.  PGM's projects 2.13 gpt of Palladium for the new mine.  Per Kerry's prior comments we know there's some but not how much Rhodium at Marathon.  Extrapolating Marathon's .619 grams per ton Palladium to the PGM  2.13 gpt we might expect .0116 gpt  of Rhodium from Marathon.  Using .01116 per ton and Marathons 117.7 million tons theres an estimated 43,900 ounces of Rhodium that could be recovered.  Rhodium is currently selling around $9,000 an ounce which applied to the 43,900 ounces gives  $395 milllion in projected revenue.  Nice little bonus if GENM can negotiate a percentage cut from the smelters.
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