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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 IgnacioCashmereon Oct 21, 2023 5:29am
131 Views
Post# 35694292

RE:Surprised Nobody is talking about this Fun Fact.

RE:Surprised Nobody is talking about this Fun Fact.This is how junior mining works. The players take care of other players. There's nothing shady about it, they bought a project that might be worth a billion one day for chump change. If it ever flies, they will be the primary beneficiaries. There will be a little profit remaining for Generation shareholders if it gets developed, but not the 100% lost for what, a few hundred thousand? This is just how mining moves forward. Those in the circle get the steak, those buying retail investment get the potatoes.  But for those of us outside the circles, a potato is still better than a stone.
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