Erdene Resource Development Corp T.ERD

Alternate Symbol(s): ERDCF

Metals & Mining Industrial Metals & Minerals

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.

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Erdene Resource Development Corp

Bullboard Posts

Comment by waterboy2on Apr 13, 2011 1:41pm

658 Views

Post# 18425607

RE: valuation of donkin

The question of valuation is a tough one, but your math is good as long as coal prices stay where they are right now. Then there are all the other properties in Mongolia being drilled and constantly increasing in theoretical value. The stock is totally undervalued and will be much much higher in a short while. Dang, I want to buy more...
What really surprizes me that there is not more interest today and that the S/P is just going sideways. I mean, come on, that was a very positive NR !!

GLTA

Bullboard Posts

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