Generation Mining Ltd T.GENM

Marathon current ore value

[Mookster3]

Just as a reminder; here is the value of Marathon ore at current prices;

Existing Marathon indicated open pit resource; 89 mm tonnes @ 1.24 g/t Pde
    
                                             Current Ore Value
                                                  $ Per Tonne 
           Pd  0.69 g/t @ $2300/oz   =  57
           Pt   0.21 g/t @ $1200/oz   =    9
           Au  0.07 g/t @ $1800/0z  =    4
           Cu  0.22%   @ $4/lb         =  19
                                          Total    $89/t

The Mookster

[Ebankbank]

So with that being said the value is 89 million times 89 dollars equals how many billions ?? You seem to be a numbers guys can you shed light I get 7.9 billion???

[Mookster3]

That is correct; total current value of the orebody is $7.9 billion.  

[StockDoc60]

Mookster  Thanks for giving us something to chew on while we wait . If I may I will add my 5 cents worth : ------------- Did you factor in the recovery rates ? On balance they seem to average out to around 85% . Of course the DFS will not be based on current prices. Probably only 75% ( let's asuume ) If I am correct ,in my thinking, the real value may be closer to : 7.9

[Mookster3]

So that being said, our current market cap of $126mm, represents only 1.6% of the value of the orebody.

[Ebankbank]

Thanks for the confirmation, I have been saying that all along. 1.6 is a joke when we see other plays that only show some good drill results much much higher. Our DFS hopefully attracts much more attention out there. Thanks again. 

[oilsyd]

The first thing I asked myself when I read this was how much is a company supposed to be valued according to the value of its ore body.  The only info on the web I found was 5 - 10 % which suggests 3-6 times the current  value.  Anyone else have an opinion on this?

[dsdsemma]

I think most people wjlho have bought into genm have done this calculation or have seen one of their slide shows ranking them against peers.  Like me. Thinking a triple from 0.1 x NAV

[Ebankbank]

Well I have said it before here, this could and should run I as a long term player on this property ( geomac  defiance, Marathon PGM and now generation mining, and there where others but I didn't buy them, all of the above are because I got into the Hemlo boom of the early 80's I believe  we will make good returns on our investment. Hang on the ride will start soon. 

[Ebankbank]

First let me correct my spelling, it was Geomaque explorations. Also wanted to note that the Hemlo camp was originally developed on a 17 year mine life it's still running and producing a lot of gold 36 years later. I believe with all the positive drilling around this DFS area this mine could be like Hemlo?????