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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 Feb 12, 2015 12:58pm
265 Views
Post# 23422693

An escape from dilution!

An escape from dilution!THis values Zuun Mod at 11 million.  Current market cap at 10 million.  Altan Nar for free.  
There is MILLIONS of ounces in Zuun Mod and it is high grade, near surface.  Budreski has inserted his genius here mixed with the dedication and diligence of our solid management and although it is only a few hundred thousand a year it goes to show that ERD is not being valued at all as we play the dilutionary death spiral that most juniors are showing.

  I think that the end of this bear is near, and the fact we are not trading closer to 17 or 18 cents is perfect reason.   We will have millions of ounces of higher grade near surface gold by next year, the likes of which should be valued around 30 dollars an ounce at the very least!

  Good luck and great work Peter!
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