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EDM Resources Inc V.EDM

Alternate Symbol(s):  SWNLF

EDM Resources Inc. is a Canadian exploration and mining company that has full ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia. Through its wholly owned subsidiary, it also holds several prospective exploration licenses near its Scotia Mine and in the surrounding regions of Nova Scotia. The properties are comprised of exploration licenses and a mineral property lease that provides for zinc and lead exploration and development. The Scotia Mine is located approximately 62 kilometers (km) northeast of Halifax, Nova Scotia, in the Halifax Regional Municipality. The Project consists of about 648 hectares (ha) of mineral rights in the form of three contiguous mineral leases. It also holds five exploration licenses covering 41 claims in the immediate vicinity of the Scotia Mine Deposit. Its Eastville Prospect is an undeveloped zinc-lead exploration prospect. Its Carrolls Farm and Carrolls Corner Prospects are hosted within the Gays River Formation.


TSXV:EDM - Post by User

Bullboard Posts
Comment by Kruzer70on Nov 06, 2007 10:44am
137 Views
Post# 13759046

RE: the problem is...

RE: the problem is...For a very long time on this board (well before this current correction in the zinc price) folks on this board have been scratching their heads and bemoaning the disconnect between the value of the deposit and the share price. I think the big disconnect here is that these same folks don't understand that the share price reflects the value of the COMPANY and not the value of the deposit. The deposit is an asset of the company and if/when a company is no longer able to fund it's operations it is typically forced to sell its assets, often at a large discount to their value. I have little doubt that the Selwyn deposit will make someone alot of money. My growing fear is that it will be the next owners of the deposit that will be the ones making the lions share.
Bullboard Posts

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