EDM 0.00% 0.1¢ eldore mining corporation limited

great acquisition

  1. 776 Posts.
    I think Matchbox 20 hit the nail on the head here.

    This is a company with a small market cap that has just acquired a nice solid Copper project WITH A PLANT!!

    That's the key here...a plant would normally cost in excess of $50million...and to build a plant will increase time to production by years.

    In addition to this cheap acquisition the tailings are worth $100million so could be very, very profitable.

    All this and the company's current market cap is around $16mill.

    Like twinturbo said...low risk, big reward here.



 
watchlist Created with Sketch. Add EDM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.