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

Bullboard Posts

Post by cupricityon Apr 13, 2010 11:18pm

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Post# 16988645

Crowded Board

Southsure I am still here. Watching with satisfaction as all the shares I accumulated in the low 30s come to fruition. This was a lonely place all through February and well into March. Well 100% return in 7 weeks is OK by me but I sense 1 dollar coming. I am really impressed by everything I see with Peter Akerley. I think with copper/gold and coal targets in Mongolia plus a world class moly deposit and massive met coal reserves 2 dollars is fair value. Any good work with the drill bit and this thing moves fast.
Just my two bits. If I was to recommend a stock to anyone right now I would say take a peek at UMJ. It looks like ERD before it moved off on the 10.5 million cross.

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