RE: t.ERD Mongolia MolyTelemarker,
ERD would be getting ahead of itself solely based on Moly. But the Zuun Mod porphyry just drilled 4% copper and 1 ounce per tonne silver 2 km from the main deposit over 10 meters and 1% copper over 33 meters and a quarter once per tonne silver. It also drilled two holes to 330 meters at .09% moly and .1% copper at the edge of the main deposit.
Further to that the Capex and Opex are much lower than in North America and Australia.
It also has 120 million tonnes share of a half billion tonne semi-soft, semi-hard coking coal deposit together with Xstrata that has the lowest transport costs and some of the lowest mining costs in the world.
As a little plus it has a massive amount of land in mongolia tied up where Xstrata covers all of their coal exploration costs in return for 25% of what they find. And they have their own gold/copper exploration project in Mongolia.
So do the rest of your DD, as well the brochure you posted is ancient, I would recommend this presentation as much more up to date.
https://www.erdene.com/assets/pdf/ERDInvestorPresentation1stQtr2011v6MXG.pdf
Good luck. TCM seems really oversold at this juncture.