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November 18, 2011 / Jeb

The Life Cycle of A Junior Miner

Many investors ask when in the life cycle of a mine is the best time to invest.  Many times when a resource is economically confirmed with a Preliminary Economic Assessment (PEA or Scoping Study) it is rerated higher.

Edgewater Exploration (EDW: TSX-V) just announced a maiden PEA on its 100% owned Corcoesto Gold Project in Spain with a net present value on the mine of $206 million.  Click here to see the press release.  This is pretty impressive as they purchased the mine less than a year ago from Lundin Mining for $8 million dollars.  Listen to my recent interview with George Salamis, CEO of Edgewater, on how he takes overlooked and under-loved assets and creates value for shareholders.


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