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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 8:38pm
127 Views
Post# 12968165

RE: lol.......kruzer......what?

RE: lol.......kruzer......what?"Your assumptions are insane." Actually I never made any assumption concerning 200 million shares. I was asking a question of another poster who made the 200 million share assumption. I belive 200 shares resulted from the basic question "how many shares would have to be issued at the current price to come up with the cash needed for the next two years". I think using the current SP is a hell of alot more valid than speculating on some pie in the sky share price. If nothing else, it illustrates that this share price had better make one hell of a move before the companies' next financing or we will get crushed under the wieght of a lot of paper in the next 4 months or so. I'd love to hear what you think is going to drive the share price higher before the next round of financing. However, I don't really expect any more from you beyond yet another personal attack and some rambling about some foriegn/alien investors suddenly willing to buy in at the NAV. BTW, the way the stock is performing lately we may be lucky to get a financing done at 0.70!
Bullboard Posts