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Bullboard - Stock Discussion Forum 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... see more

TSX:GENM - Post Discussion

Generation Mining Ltd > Pine point
View:
Post by Sacks45 on Sep 10, 2021 6:16pm

Pine point

I was looking over the pine point deal and the npv was 210 million and it was sold for 34 million to Osisko metals. That represents 16.14 percent of Npv. That in my opinion was a steal for osisko. Maybe that's why the market doesn't give the management team the benefit of the doubt. If we take marathon Nov of 1 billion and we own 830 million 16.14 percent is 138 million which is what we trade at today. I hope they learned from pine point mistake and not repeat it here otherwise we are screwed.
Comment by my69z on Sep 10, 2021 6:51pm
Careful --- i had a couple vague insults thrown @ me for yelling to take the  $150m for only 5% of the payable metals. Days later, Kerry said it was "in excess of $200m". L...M...BO!!! I don't think they will Pine Point this time. Different times Vs now. ESG metals -- "century of green".  Plus we will have to agree to any propoal. :) Glta!!!
Comment by Y93H1979 on Sep 10, 2021 7:30pm
If you look at what Osisko is doing with Pine point, it will give you a clue as to the REAL status of the project. They are drilling to expand the resource, because as it is now, the project is not feasible. This is (IMO) due to water issues. The current resource is not mineable. They knew this, so sold it and moved on.  Contrast that with Marathon, straight after PEA, they moved to full DFS ...more  
Comment by my69z on Sep 10, 2021 8:04pm
Marathon's 1st 3 yrs = $1b free cash flow. :) Different day n time. :) Glta!!
Comment by skiesthelimit on Sep 10, 2021 8:16pm
Chaching. Close your eyes and picture us producing at full capacity in the year 2025.  Paying down what little debt we have left. Dividends , exploring our other properties, buyout for a nice price gain from today or just keep taking in the cash either way these 79 cent prices will look like a joke. If only we can see the future,  And not be stuck in the present.  Let management ...more  
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