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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 Supertweetyon Jun 26, 2023 7:48am
88 Views
Post# 35514121

RE:i bought shares almost 3 years ago

RE:i bought shares almost 3 years agoI am in the same boat. I look at it this way. Worst case scenario: GENM goes bankrupt. They sell the marathon project at a fire sale for 200 to 400 million. Shareholder still get paid over $1.00 per share. Best case scenario: GENM builds the mine and starts exploration back up. The resource is increased to a 25 to 30 year mine life, they start paying a $1.00 a year dividend because they are making well over 200 million a year in profits. Better case scenario: Genm find the source of that super high-grade rock they have in their museum. Mining that deposit could be a $1 billion net profit for a couple years in itself. They might have to issue a $4.00 to $5.00 a year dividend (per share) just to get rid of all the extra cash they're making. If the mine is up and running, and If they find the source of that high-grade rock, the stock price could soar to $30 to $50 per share. By my research, math and calculations. There's a 99% chance we will make money on this stock. Lots of Money. Just sit back and let management do their thing.
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