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.

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 15, 2016 12:14pm
122 Views
Post# 24559320

Erdene vs Mox

Erdene vs MoxWell at this point happy to hold both of these. They are some of the few stocks that have held up in the recent blow out bottom of the great bear market of 2011-20??.   We are not quite bouncing along the bottom.  The thing I love about ERD is that they have taken a few lousy million dollars and applied it to finding a very appealing gold deposit.

    I don't need to get into the highlights but nothing like 187gpt over 1 meter 167gpt over 1 meter as well as 7 meters of 27.5 gpt.   That is on top of Altan Nar where they have a 4101 with plenty of 4-8gpt Aueq.
   Drilling will recommence in April after the freezing Mongolian winter has passed.

   The gold market MAY have turned, or it may not have, however honest management and hard working frugal companies like these two make me feel better.  Peter Akerley works for peanuts and is passionate and dedicated in the long run to these projects.  When the market turns (which could take another 5 years) the value of Zuun Mod alone could bring us a 10 bagger, and with a little more drilling the two new gold deposits which are high grade, at surface and open in all directions could easily bring 200-300 million in a slightly better market.
Bullboard Posts