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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 Feb 06, 2011 10:24pm
462 Views
Post# 18084924

400 dollar met coal

400 dollar met coalJust for fun lets say Bloombergs call for 400 dollar HCC and we get 350 for SCC (soft coking coal).  We produce 5 million in the DCA (Donkin Coal Alliance) so 1.25 million tonnes go to us.  At this rate we can produce for nearly 100 years based on 4101 resource. Costs is 27 bucks on the ship as per PEA but lets double that to cover our bases.
   50 dollars a tonne sell for 300 a tonne. 300 tonne times 1.25 million or 375 million net revenue a year.  At ten times earnings that would be 3.75 billion market cap and we will have 120 million fully diluted after we get to production.  30 bucks?
   Its all "could be" but all the info is available so that this is within the realm of possibility.  Interestingly India has NO met coal reserves to talk about and Indias economy is about 10 years behind China.
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