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EDM Resources Inc V.EDM

Alternate Symbol(s):  SWNLF

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

Comment by Bwrbhkon Feb 18, 2021 1:44pm
215 Views
Post# 32597339

RE:RE:RE:Merger proposal

RE:RE:RE:Merger proposalThis deal combined with an offtake agreement provides more than enough money required to place the mine into production and is a lot less dilutive than doing a equity issue with warrant (assuming that they were able to do an equity issue).  Instead of making racist comments and moaning about past deals you should be looking at the numbers.  The combined company will have about $25 million in cash and marketable securities, which is about $0.10 per share fully diluted and a fully permitted and financed mine that can be in production next year.  Based on the latest PFS, the mine has a NPV at a 8% discount rate of $156 million or $0.60/share.
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