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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

Comment by Bwrbhkon Feb 18, 2021 1:44pm
244 Views
Post# 32597339

RE:RE:RE:Merger proposal

RE:RE:RE:Merger proposalThis deal combined with an offtake agreement provides more than enough money required to place the mine into production and is a lot less dilutive than doing a equity issue with warrant (assuming that they were able to do an equity issue).  Instead of making racist comments and moaning about past deals you should be looking at the numbers.  The combined company will have about $25 million in cash and marketable securities, which is about $0.10 per share fully diluted and a fully permitted and financed mine that can be in production next year.  Based on the latest PFS, the mine has a NPV at a 8% discount rate of $156 million or $0.60/share.
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