Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Mar 14, 2012 12:13am
387 Views
Post# 19666552

RE: RE: RE: ERD stock all time lows

RE: RE: RE: ERD stock all time lows

It should be rather clear what the intentions of Xstrata are. They want to take 3.5 million tonnes, wash it, sell 75 percent semi hard coking coal, 25 percent high btu washed thermal coal. They want to export via barges. The whole thing costs 400 million or so but maximum funding is only 300 million in the first year after which it funds itself. Our cost of production loaded on a ship is around the 50 dollar mark.

1, Xstrata is hiring a mine manager.

Xstrata says it expects to receive environmental approval in early 2013.

The company estimates the Donkin mine will employ about 300 people when it begins producing coal by mid-2014.

https://thechronicleherald.ca/business/71414-xstratas-cb-plan-proceeds

Everything else that is said here is intended to scare you out of your shares. The price is really low right now, the lowest risk time there is to purchase the stock. That fear you are feeling is your reptilian brain, if you read the facts, and they are easy to find, your human brain will tell you that a late stage project that will generate 700,000 tonnes of coal at a cost of 50 dollars a tonne and will be sold for 200 dollars plus for the semi hard coking coal and more than a hundred dollars a tonne for the thermal coal and generate 50-70 million dollars a year in profit is only worth 32 million dollars, the human voice will make you money.

Bullboard Posts