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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 Jun 19, 2007 1:19am
136 Views
Post# 12963008

RE: Anyone go to the World Gold PGM and-Froz

RE: Anyone go to the World Gold PGM and-FrozI wouldn't take that chart as gospel as it is merely what the company hopes to accomplish. As for them not spending money this year and next, I think you are mistaken. The last I heard they planned a $25 mill program this year (common knowlege). Currently, they don't have the all the needed funds to pay for that program. To this date, I still have not heard anything from the company on how they plan to make up that difference. If the point of your post is to say that dilution is not a concern because the company won't be spending much money, you are in error.
Bullboard Posts