Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

EDM Resources Inc V.EDM

Alternate Symbol(s):  SWNLF

EDM Resources Inc. is a Canada-based exploration and mining company. The Company has ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia. Through its wholly owned subsidiary, the Company also holds several prospective exploration licenses near its Scotia Mine and in the surrounding regions of Nova Scotia. Its Scotia Mine is located approximately 60 kilometers (km) from Halifax City Centre, 33 km from the Halifax Stanfield International Airport and 11 km from CN's Milford Station. Its Eastville Prospect is located approximately 50 kilometers from its Scotia Mine. The mineral rights covering the western portion of the Eastville Prospect are held by Scotia Mine Limited, a subsidiary of the Company, which has exploration licenses 50691 and 09674. Its Carrolls Corner-Carrolls Farm Prospects has two highly prospective exploration targets in close proximity to its Scotia Mine. The mineral rights covering both prospects are held by Scotia Mine Limited.


TSXV:EDM - Post by User

Comment by Bwrbhkon Nov 24, 2020 2:01pm
193 Views
Post# 31962118

RE:WHY ARE WE IN THIS STOCK.?

RE:WHY ARE WE IN THIS STOCK.?The company owns a zinc deposit in Nova Scotia that has a very positive PFS at current zinc and lead prices. The after tax NPV is $115 million at current metal prices,  has a payback period of 2.4 years and an after tax IRR of 49%.  The mine is fully permited to begin production and there is a plant on site.  The capex to restart the mine and mill is a mere $30 million and they could be in production within 12 months once financing is obtained.  Obtaining the financing is what the new management is working on and they are very qualified.  With the resurgance in the price of zinc from $0.82 earlier this year to the current price of $1.25, they should have no problem obtaining the necessary financing.  With a market capitalization of only $8 million the upside is huge.  If you have not guessed, I am long.
Bullboard Posts
Next >>