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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 GOODVIBEon Apr 23, 2010 2:28pm
295 Views
Post# 17025172

RE: RE: MacQuarie In the House

RE: RE: MacQuarie In the Housesavannahsavvy,

it all goes back to 2 key events.

1. That 10 million cross done by Toll Cross Securities.  That put this stock on the dashboard of speculative retail investors (and a few daring institutional buyers).

2. The very strong work of management in promoting this stock both in Canada and abroad.  That has drawn a much broader institutional focus.

Who knows where the stock price will go until we get some real production, but I am very pleased with the company's progress so far.

I have curpricity to thanks for doing such a good job outlining the strong points of this company!  You really sold me on taking a deeper look and it has paid off so well.  Thank you !
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