Generation Mining Ltd T.GENM

Randy

[tarsands]

Gets 150,000 oz of gold, and then when that number is reached he wants 67% of the remaining gold. For the life of the mine.  And on top of that he wants 22% of the platinum production until 120,000 ozs is reached, and then it drops too 15% for life of mine.

Now i hope Kerry and team had the smarts too say sure, but not any other deposits on our claims.

Only on the Marathon Deposit, not on the other deposits.

We know we had according too the numbers 151,000 ozs of gold 

As detailed in the Marathon Feasibility Study released on March 4, 2021, over a 13-year mine life the Marathon Project is estimated to produce 1,905,000 ounces of palladium, 467 million lbs of copper, 537,000 ounces of platinum, 151,000 ounces of gold and 2,823,000 ounces of silver.

So in essence he is taking all of the gold from Marathon deposit, and 120,000 ozs of platinum, plus another 15% of the remaining (537,000 - 120,000) = 417,000 x .15 = 62,550 ozs?

Total 182,550 ozs of platinum, and looks like all of our gold.

We get the remains. All of the COPPER , Platinum. And Silver and about 354,500 ozs of platinum????

does that sound about right????????

[Lifexprt]

Yes plus we keep all the palladium. Good deal.