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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 blackandyellowon Apr 26, 2012 8:19pm
161 Views
Post# 19841583

RE: Mongolian Spin Out ?

RE: Mongolian Spin Out ?As an institutional equity trader for a hedge fund and an independent commodity trader, I am glad I don't "invest" anymore. This is why buy and hold is dead...I hope people didn't have a lot of money sitting around here, I truly feel bad for you. Stick to etfs, and buy/sell every few days...If you don't believe me, at the very least never invest in a company that won't call you back or even a courtesy email..Best of luck>
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