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

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Comment by laserjeton Oct 02, 2012 1:36pm

216 Views

Post# 20438505

SET UP FOR A SALE

The company is being seperated for a set up for a sale. The Donkin Coal assets will be in a seperate company. If and when Xtrata has an offer to sell it 75% stack in the Donkil Coal mine, the buyer may want 100% of the asset.( JUST MY OPNION)

I personally think (MY OPNION ONLY) that the management is exiting COAL and will be spending more time on Metals in Mongolia.

The new subsidary will have 25% stack of Donkin. The prospective purchaser could take over this subsidary and then buy the balance of 75% in the same company.

I personally think this will happen. This is just my opnion.Please do your own DD at all times.

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