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 May 16, 2017 12:50am
248 Views
Post# 26248108

shorting

shortingShort of shares perhaps.  I wish i wasnt so short of erd shares could have kept more at 75 cents.  Oh well.   15 million is pretty big.  What would 15 million at 2gpt sell for?  Any guesses?
   2gpt is amazing grade, shallow, easily processible.  If it costs 500 bucks to mine the gold at 2 gpt then there would be 700 bucks usd profit time 15 million or in the 10 billion range of 14 billion cdn.  So if we sold for 10 percent of future profit thats 1.4 billion or 6 to 8 dollars a share.  Sounds reasonable.  I am more in the 3 to 5 million ounces range but a couple more drill holes will be very telling.   
  Nice to see we have attracted some trolls to the board.  Trolls are fun but I lose interest after a short while.  They can continue to have birds sit on them and relieve themselves.
  Like I have always said 400,000 hectares could hold the next OT.
Bullboard Posts