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

Comment by cupricityon Dec 07, 2010 10:49am

566 Views

Post# 17811827

RE: Taylor Spike

Goldbug I admire your pragmatism. But the facts perhaps do not follow in your foot steps. This play was off the radar. Now it is on the radar. At 108 million market cap it makes it very reasonable value given the two proven projects it has. If you would like to feel better about your investment choices why don't you try to argue why, financially, using numbers, we are ahead of ourselves?
I agree that their are a host of folks on BNN who will run nilly to a stock, ride it up and watch it drop. But do your DD and tell the board why you disagree? Remember the market is an anticipatory mechanism.

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