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

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Post by cupricityon Feb 06, 2011 6:52pm

517 Views

Post# 18084546

PFS

I have an email from Peter that states pretty much what I thought- Xstrata is taking their time. I would say there is no time line at this time to when it is done. Maybe a few weeks, maybe more.
On the bright side met coal is projected to hit 400 bucks a tonne in this Bloomberg article.
https://www.bloomberg.com/news/2011-02-06/bhp-rio-will-reap-record-profits-as-costs-pummel-arcelormittal.html
Also Zuun Mod could easily be a much bigger project than anyone thought.
Nowhere else I would like my met coal money to be (copper and moly too!)

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