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.

TSX:ERD - Post by User

Erdene Resource Development Corp

Bullboard Posts

Comment by aatwalon Apr 12, 2010 10:59am

345 Views

Post# 16981219

RE: RE: New 52 week high after testing prior suppo

ERD going to have wild swings as it moves up due to the limited shares that are offered for trading...ERD held very tightly! Surly it has buyers at these levels, but you got to understand nothing goes up without any pullbacks along the way!

I think an Asian listing is around the corner, and if this happens ERD's Asian assets will be priced more heavily in the share price than now leading to much higher share price movement as these investors are much more understanding about ERD's Asian assets than NA investors IMO!

Bullboard Posts

From now on, dynaCERT instead of Bitcoin or NVIDIA?