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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

Comment by cupricityon Mar 31, 2010 1:01pm
347 Views
Post# 16944742

Feb 11th

Feb 11thI bought on Feb 11th when Xstrata announced intentions.  After then every time any interest came along heavy selling slowed this down.  I bought frantically on Feb 11th and ended up in at 33 cents with a healthy position.  Every thing I have checked out for research kept me from selling those shares as they languished in the low 30s.
  This company could have profits of 100 million a year in two years, plus they have tonnes of blue sky and a sweet relationship with Xstrata who owns 5% of the stock.  a 1 dollar price is a gift. Still buying,
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