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Bullboard - Stock Discussion Forum 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... see more

TSXV:EDM - Post Discussion

EDM Resources Inc > Red Cloud Securities - Research Coverage o
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Post by Marcello44 on May 10, 2023 9:18am

Red Cloud Securities - Research Coverage o

RCS states a target of CAD 1.75 - which is just the value of the on-site infrastructure.
Comment by Maxmoe on May 10, 2023 12:32pm
What's the value of that infrastructure if the operation loses money? Zero. The scrap value is likely exceeded by the remediation costs to haul the scrap away and fill in the hole. 
Comment by Marcello44 on May 10, 2023 12:45pm
Are you a mine engineer?    How do you rate insider buying?
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