Erdene Resource Development Corp T.ERD

Alternate Symbol(s): ERDCF

Metals & Mining Industrial Metals & Minerals

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.

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Erdene Resource Development Corp

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Post by cupricityon Mar 07, 2016 10:06pm

281 Views

Post# 24632828

William Burton for a nice little whack of insider buying

https://www.canadianinsider.com/company?menu_tickersearch=erd

So what was a pipe dream a few months ago has now become a likelihood, that is raising money to build a mine without decimating that existing shareholders.

Our largest shareholder has seen their SP triple. The question is who has 742,000 shares for sale at 21 and what is their logic? I have seen in the past where very large blocks were put on ERD stock price and held the price down until one day the price started to run very, very quickly.

The future feels bright today.

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