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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 TheRedon Aug 16, 2009 3:21pm
317 Views
Post# 16223291

RE: RE: RE: Hey...

RE: RE: RE: Hey...candle,

Yes, if I was starting from zero zinc/Selwyn exposure and had a 1/2 decade horizon, now would be an excellent time to pick up a few Selwyn shares and sit tight. My unqualified opinion.

TAM? I personally would not touch TAM unless base metals were warm and about to get hot. And even then I would regard it as a highly speculative story.

Thinking 3, 4, 5 years perhaps more out, what I would like to find is another cash-rich intermediate zinc play similar to the HudBay play that made many of us gorgeous returns a few years ago. The risk-reward characteristics of such a play are most attractive.

If you want to dabble in another speculative junior explorer, may I suggest you look at Eagle Plains Resources based in Cranbrook, BC. A well diversified "project generator", Eagle Plains has some interesting zinc properties in the Purcells of SE British Columbia and in the MacKenzie mountains of the NWT not too far to the east of Selwyn.

https://www.eagleplains.com/

For the record, I do not own Eagle Plains at this time but watch it.
Bullboard Posts