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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 cupricityon May 07, 2012 10:01am
259 Views
Post# 19879057

RE: RE: 10 cents

RE: RE: 10 cents

I picked up a little at 12.5 cents, love the deposit, don't like the lack of focus and the dilution.  I think this company needs a 10 to 1 roll back and a management shift away from drilling a deposit that is already economic and more focus on permitting.

 I heard that these guys were buying equipment to build roads instead of renting or hiring contractors.  Seems ridiculous when you can only work it a few months of the year!

Bullboard Posts