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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 Apr 22, 2010 11:16am
239 Views
Post# 17019326

RE: Why isn't

RE: Why isn'tGeneral risk aversion in the market.  Everyone is being conservative as they are worried about Greece and China.  Same theme as the crash in January.   IMO Greeces worries may be legitimate, but the markets reaction isn't.  Greeces entire debt (not deficit) is 220 billion.  China grew 150 billion of GDP last Quarter.   For Greece to default completely is highly unlikely.
   In the meantime the conservative move is to buy USD.   IMO that is laughable.  So the China worry is real I guess.  If you think the Chinese are going to give up apartments, cars, cell phones, and go back to rice farming and building Dams by hand.
   IMO we are just consolidating at the 12000 level on the TSX.  There is still a good bit of room market wide and ERD has nothing but blue sky.  The bull isn't called a nice old saddle horse for a reason.
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