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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 Jun 08, 2023 5:20pm
130 Views
Post# 35487339

RE:RE:GENM Going Forward

RE:RE:GENM Going ForwardSpecific,

You are wrong and Bargainbilly is correct.  They did express the expectation that everything would be in place and that tree cutting would have started by now.  Not only did they say this in presentations but JL expressed this to me in a personal email.

So JL was over confident about timelines.  It is something that happens to many execs in mining companies.  When timelines are not kept to, investors take fright and go somewhere else. That is just how it is. Combine this with declining share prices across the board in the mining sector and declining palladium prices,  and you get the evident frustration of investors.

 The economics of the mine are still good but the remainder of the financing continues to be a risk. I have not sold a single share and I am patiently waiting for permits to come through. 

GLTA

OIlsyd
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