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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

Comment by fruitvale3067on Apr 26, 2024 10:26am
98 Views
Post# 36009258

RE:Erndene is a sleeper

RE:Erndene is a sleeperIt's just my opinion, however the share price will most likely consolidate in this area while construction continues. Having said that, 6 months ago drill results weren't moving stock prices from exploration companies. That I believe has changed with the POG at it's current level. So the next catalyst could be drill results combined getting closer to the mill completion and initial production. The company is on the cusp of new drilling getting underway. I've been nibbbling here from time to time and did again today.   
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