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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

Post by cupricityon Apr 26, 2012 10:32pm
219 Views
Post# 19842128

Postives and Negatives

Postives and Negatives

negatives of this announcement:

1.  Expect a short term sell off- how low depends on how silly people are, and they can be rather silly.

2.  Xstrata leaving hurts because they have a lot of experts in this field and are good at developing mines.

 

positives

1. If another company came in that was all local it would mean reduced resistance to the mine.

2. It means that the ns gov't is more likely to allow NSP to burn our coal because they need the jobs.

3. It means that maybe we can get someone more focused on the project, which is permitted for 800,000 tonnes right now.

 

Against a Macro Backdrop:

1. As bad as it was in 2009.

2. China reaccelerating.

3. Brazil needing met coal to develop it's steel industry.

 

Anyways the fear in my gut is there which means time to hold on or buy.  Greed left a long time ago!

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