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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

Comment by mohsin6on Jan 07, 2017 3:26pm
130 Views
Post# 25679195

RE:RE:my fab 6 no particular order

RE:RE:my fab 6 no particular orderERD is the best not only for its potential, but the managment is determined to make it work.   The question is whether i want to buy more even at these higher prices. I already own a whack of it like 17% of my portfolio is comprised of each MOX and ERD alone.  Thus, more than one third.  Talk about putting too much in one basket. I believe ERD is good for $2 and MOX is good for longer term hold and not a fast double but much longer time unless there is a buyer for either of them. 
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