EDM Resources Inc V.EDM

Alternate Symbol(s): SWNLF

Metals & Mining Industrial Metals & Minerals

EDM Resources Inc. is a Canada-based exploration and mining company. The Company has ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia. Through its wholly owned subsidiary, the Company also holds several prospective exploration licenses near its Scotia Mine and in the surrounding regions of Nova Scotia. Its Scotia Mine is located approximately 60 kilometers (km) from Halifax City Centre, 33 km from the Halifax Stanfield International Airport and 11 km from CN's Milford Station. Its Eastville Prospect is located approximately 50 kilometers from its Scotia Mine. The mineral rights covering the western portion of the Eastville Prospect are held by Scotia Mine Limited, a subsidiary of the Company, which has exploration licenses 50691 and 09674. Its Carrolls Corner-Carrolls Farm Prospects has two highly prospective exploration targets in close proximity to its Scotia Mine. The mineral rights covering both prospects are held by Scotia Mine Limited.

TSXV:EDM - Post by User

EDM Resources Inc

Bullboard Posts

Comment by TheFeveron Jul 14, 2007 2:12pm

316 Views

Post# 13089378

RE: Why SWN isn''''t moving ..

I am not wrong about this company being years away from production and cash flow.. It will be a few years before this company becomes a miner correct? Agreed, but don't forget there's a LOT of money to be made from this level as they continue to prove up the deposit. $2.50 and you're sitting on a triple. And anyone that's done the math on what has been proven up thus far knows even THAT is a bargain. If it doesn't hit 4-5 bucks next year, I'll be very surprised. More high-grade proven up, new 43-101 and a JV partner are all coming down the chute. Then this stock will have Big Time attention on it. Don't miss the boat by standing at the airport.

The Fever