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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 Maxmoeon Jun 14, 2023 11:17am
61 Views
Post# 35495985

RE:RE:RE:RE:RE:Question

RE:RE:RE:RE:RE:Question
Marcello44 wrote: I'll be honest - I don't understand very much about this business (processing, transportation, sales, etc).  But if I understand you correctly, IXM doesn't want the mined concentrate at all?  Why then the effort regarding financing? 
 
And the extensive studies of the renowned companies that have calculated a low AISC and high IRR for EDM's project are for nothing?

Doesn't want the concentrate? Au contraire. They are going to make a LOT of money. The issue for you to explore is whether EDM ever will. Or the taxpayers of Nova Scotia. Maybe it will help you to compare similar zinc deposits in New Brunswick. There are a few. Many with extensive studies by renowned companies with even lower aisc. They've been restarted and shutdown many, many times. Figure out why. Same as the scozinc mine. Why has it been a start,stop,start,stop for decades ? 
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