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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Comment by cupricityon Mar 31, 2010 12:32pm

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Post# 16944585

RE: Today's move

Coal mine is in New Brunswick 450 million tonnes at 13,000 mbtus per tonne JV with Xstrata for 3.5 million tonne per year Xstrata has to spend first 100 million dollars before ERD must contribute. Looks like reasonable met coal as per Feb 11th news release.
In Mongolia they have Zuun Mod large Moly deposit at .05% cut off with some high grade over .09%. Total resource is about 430 million pounds of moly.
They also have 80 million tonnes of granite on rail line in USA and numerous exploration properties in Mongolia. They have cash until the end of 2011. Strong insider ownership over 10%. 1 dollar easily.

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