EDM Resources Inc V.EDM

Alternate Symbol(s): SWNLF

Metals & Mining Industrial Metals & Minerals

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

EDM Resources Inc

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Comment by lindbeckon Aug 02, 2007 1:26pm

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Post# 13192389

RE: SWN undervalued with too many shares

In response to "Glasspar", the number of shares outstanding is irrelevant - the important thing is the market cap! Exploration companies that get close to production tend to trade @ 2- 4 times NAV (net asset value). Is SWN undervalued? Anyone know its NAV? I'll ask Jasmine (IR).

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