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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 JoeBloon Jan 16, 2008 4:08pm
171 Views
Post# 14214000

RE: Man its ugly out there today

RE: Man its ugly out there todayI have noticed the Canadian dollar dropping lately relative to the US dollar. How exactly does that happen especially when you have a strong economy and are running a significant trade surplus - with the US? Easy. You willfully debase your currency in order to force it down on the market, so that you can maintain your relative trade advantage. And the way this is done, is by increasing to the supply of Canadian dollars out there (i.e. "printing" more of them) and then exchanging them for some form of US denominated asset such as a bond. Of course there could be a few other factors at play here. But all the major CB's are working together on this, so, its deceptive to say the US dollar is rising. What is happening is that other currencies are only falling faster, giving the illusion that the US dollar is rising. This of course is "good" for commodities. This is why Zinc will not go too much lower since in inflation adjusted terms its already at a near bottom.
Bullboard Posts