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Erdene Resource Development Corp T.ERD

Alternate Symbol(s):  ERDCF

Erdene Resource Development Corp. is a Canada-based resource company focused on the acquisition, exploration and development of precious and base metals in underexplored and highly prospective Mongolia. It has interests in three mining licenses and an exploration license in Southwest Mongolia. Its projects include Khundii Minerals District, Bayan Khundii Gold Project, Altan Nar, Greater Dark Horse, Ulaan, Zuun Mod and Khuvyn Khar. Its projects are located in the eastern portion of the Central Asian Orogenic belt. The Bayan Khundii mining license covers 2,309 hectares and, in addition to the Bayan Khundii high-grade gold deposit, includes its highly prospective 20 square kilometers greater Dark Horse prospect area, including the Dark Horse Mane high-grade gold discovery. The Zuun Mod Molybdenum-Copper Project is a porphyry molybdenum-copper deposit. The Altan Nar mining license covers 4,669 hectares. The central and northern portion of the Ulaan license hosts a porphyry copper prospect.


TSX:ERD - Post by User

Post by Tradesmanon Aug 03, 2008 9:40pm
481 Views
Post# 15355739

Erdene potential

Erdene potentialI was just nosing around the resource stocks when I came across Erdene Resources. The last time I saw this stock was when it was called Erdene Gold, so I guess the focus has shifted.

It seems to me that the company has a lot of potential, including a large cash position and a very interesting array of resources. I think, at this price (around 0.60), it is a promising medium/long term investment.

The lack of activity on the message boards tells me that it hasn't been "discovered" yet. I like that too!


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