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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

Post by cupricityon Jun 23, 2010 10:19am
316 Views
Post# 17213971

what an oppurtunity

what an oppurtunity  WIth cash for 18 months, and a phenomenal portfolio of properties, professional management with a large insider stake this thing in the 30s is a gift.    Just wish I would have taken my double in the 60s and bought twice as much.  I guess I will just keep accumulating....  There isn't much downside from here even if we get a recession again.  If it wasn't for Mauidude walking the price down we never would have gotten this low anyway.  Investing-not for the faint of heart.   Good luck to all, and a thorough research on this company is something I highly recommend.  Cheers!
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