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Erdene Resource Development Corp T.ERD

Alternate Symbol(s):  ERDCF

Erdene Resource Development Corporation is a Canada-based resource company. The Company is focused on the acquisition, exploration, and development of precious and base metals in Mongolia. Its principal development is the Bayan Khundii Gold Project, located in Bayankhongor province, Mongolia. Its other projects include Altan Nar Gold Project, Dark Horse, Ulaan, Zuun Mod, and Khuvyn Khar. The Bayan Khundii Gold Project is located in Bayankhongor province in Mongolia and is comprised of the 2,309 hectares (ha) Khundii mining license. The Altan Nar Gold Project is located in Bayankhongor province in Mongolia, approximately 16 kilometers (km) north of its Bayan Khundii Gold Project. Dark Horse (Khar Mori) gold prospect is situated on the Bayan Khundii license, about three km north of the Bayan Khundii project. The Ulaan exploration license covers an area of approximately 1,780 ha, immediately west of the Khundii mining license. The Zuun Mod property is located in Bayankhongor province.


TSX:ERD - Post by User

Post by investmentitoson Dec 08, 2010 2:02am
626 Views
Post# 17816554

off radar to on radar

off radar to on radar
His rec was a met coal play - hottest M&A area in world now possibly. No transport by rail to congested port problems here. Xstrata there to drive project. Trigger of  prefeas coming. Maybe he was shaking the tree to get some weak hands. Most will sell into a nice spike based only on the rec of a guy on the TV. But how is it that $2MM bucks was just waiting to buy like crazy practically the second the pick came from his mouth? That looks like an institution size money locked and loaded to go.


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