Mar 21st 2011 – Edison Investment Research today published a report on Emed Mining (EMED.L, LSE:EMED, LON:EMED) entitled “Dual Listed”.
In summary, the report says:

In December 2010 EMED listed on the TSX, raising a total of C$35m (£22m) combined with a private placement in the UK and an over-allotment option. This is expected to fully fund the equity component of the cost to restart its wholly-owned copper mine in Spain. EMED expects to be producing copper concentrate from this operation, the Proyecto de Rio Tinto (PRT), in mid-2012, and it is progressing through permitting and feasibility of its 1.1Moz Detva Gold Project in Slovakia. The company recently paid to acquire the option over the Regua tungsten deposit in Portugal and has commenced evaluation of the area. The shares are trading at a discount of 30% to our valuation of 24p/share for the PRT alone.