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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 Jan 26, 2012 8:36pm
278 Views
Post# 19455143

RE: Stock Price

RE: Stock Price

    Bang on Cyanide.  The only thing I would suggest all who think that management isn't as forthcoming on Donking as one would like would be to read the two presentations the DCA run by Xstrata has put up on Erdenes website.  It pretty much says exactly what is going on. 1.5 years until the EA process is complete, and another year to do the feasibility. Remember though there isn't that much to do other than install a miner, put in a few clicks of belts, build a wash plant, and a smaller reload facility. In comparison to a lot of other major projects this seems very simple.

    Xstrata is large and in charge.  We are just going to ride it out.   I think we will see a split in shares with 50% shares to NERD and 50% to MERD. (north american ERD and Mongolian ERD). That will help get the price up a bit and should help with dilution issues.  

   In a conversation with Peter he implied that Granite Hill could be sold for 6 million or so.  This would be a good way to reduce dilution.  Since management has skin in this game we can be assured that any dilution that we do is logical.

 

  Good luck to all!

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