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Generation Mining Ltd GENMF


Primary Symbol: T.GENM

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 Ivorygullon Dec 15, 2023 12:47pm
102 Views
Post# 35786983

RE:RE:RE:LIVE 6ix Zoom available to watch?

RE:RE:RE:LIVE 6ix Zoom available to watch?Kimaui, I do agree that it was as you say LOL

He did not say 'glencore' though, he said Sibanye, and was referring to the time when they were a part of us.

I didn't hear them say they were exploring for more copper in order to get financing; yes they want to look at getting more, but the plan that's in place right now is not financially dependant on them finding more.

They have accomplished a lot of things to get it to be ready to start. I was surprised when they said they didn't want to cut any trees though, until all the financing was there and a definite decision was made to go ahead with the mine. I would have assumed that getting it done now would have made it easier for them to get going when the time came and, if they decided to sell rather than to build, that the more complete everything was, the more they could ask for.

I suppose in the grand scheme of things, the cost to cut down the trees is negligible and perhaps there is an enviromental asspect to it as well.

AIMHO but It is a waiting game unfortunately, and I am really disappointed as so many of you are. 






KIMAUI wrote: It was as pleasant and eventful as eating a rice cake. It felt like it was a "lets get this over with" No substance, no excitement, no answers. They need money and cant get it basically. Also thought Jamie said "we did have the jv with glencore" in a past tense, like its not there anymore?  I get they are willing to spend money drilling to increase copper, to get financing.  But even if it goes well, that's delay on start i assume with new sites, new mine plan. Amazing how frustrating this project is. I'm just going to check back when pd is 1500 and copper is 4.50+- hopefully q3 2024. 


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