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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 hellholeon Aug 22, 2007 8:41pm
160 Views
Post# 13287197

RE: Who cares about mediocre drill results

RE: Who cares about mediocre drill resultsIf a large partner is all that SWN needs to get going, then why don't they pare down their staff? According to the Selwyn website, their management team is comprised of 7 senior members...isnt that a bit exorbitant for a junior mining company? Personally I think all that needs to be done about the Selwyn project has been done. Everyone knows this is a very large zinc deposit. Why spend more money on exploration, environmental and community affairs etc...enough is enough. It looks we will have to wait until Zinc inventories are absolutely critically low before there is serious interest in SWN anyway; so why spend more money. If this company has any balls they would take their remaining cash and buy back shares, do a reverse stock split, fire needless staff etc...do something to make this company look fiscally respectable.
Bullboard Posts