EDM Resources ISIN: CA2683331011 Forum: Aktien User: jandenk

Finale Mining License kommt in 3 Wochen spätestens.

BUT here's the really exciting thing: They recently sent old concentrates from the old mine (before it went bankcrupt) to a lab to check for rare earth minerals. What they found is gold, a lot of gold. Lead concentrates held between 95-157g of gold per ton. If you calculate this back to the ore that was needed to make the concentrate you end up with a head grade of 1.7-2.1g/t. The gold wasn't found before due to it's geological appearance. They just recently commenced a gold exploration based on this findings but going into production next year anyway. So also a potential lower mid tier gold producer next year. If gold continues as they found it they'll be producing 50koz next year, if only 10% is true then it's 5koz which already doubles EBITDA to 60mln CAD (currently trading at 18mln). It's my biggest holding now despite not being lithium. Happy to share more details if anyone's interested.

Das habe ich eben über EDM in einem anderen Forum geposted: I usually don't invest in Canadian mining companies but there's another RESTART story that really excites me. EDM Resources: Zinc, Lead and Gypsum. Sounds pretty boring at first glance since we can't expect parabolic runs from base metals. BUT they bought the mine a few years ago, increased resource and worked on mine design to lowere cost. Expected replacement value is 400mln CAD at a market cap of 18mln. Current NAV is 210mln CAD (