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.