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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

Comment by cupricityon Apr 13, 2011 12:44am
584 Views
Post# 18422939

RE: TIRED OF HOLDING STOCK

RE: TIRED OF HOLDING STOCKThis is the end of the marathon, the end is in sight, your legs hurt, but we are winning.  What a great news release, I am excited about drilling in Khuvin Khar, the Marston PFS, provincial permits to up production, drilling at Nomin and Xstrata mongolian exploration, plus increase 4101 out of Zuun mod.
   Hillsborough man hits it bang on with 200 million profits per year. 10 times pe would be 2 billion or 20 bucks a share.   Dilution is a concern, however Peter talks about bank financing, and this is an incremental project so our share would only be 150 million all in worst case. Lets say we can self generate half we only need 75 million.  At three bucks a share that is only 25 million shares or 27% dilution.  Still an easy 10 bagger from here (relatively).
  Great news, lets see what a more rational market thinks tomorrow.
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