Erdene Resource Development Corp T.ERD

Alternate Symbol(s): ERDCF

Metals & Mining Industrial Metals & Minerals

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.

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Erdene Resource Development Corp

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Post by cupricityon Feb 18, 2010 1:46pm

200 Views

Post# 16796368

Coking Coal or Thermal Coal?

Coking coal averages over $200 a tonne right now and gives direct exposure to emerging markets.
Thermal coal averages $55 a tonne and has a big downside in carbon taxation.
Basically this news is a complete game changer although no one knows it yet judging by the stock price. ERD could be generating 100million a year in net revenue when this project gets up and running.(25% of 2.5million tonnes is 600,000 tonnes a year @ $150/ tonne profit.

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