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.

TSX:ERD - Post by User

Erdene Resource Development Corp

Bullboard Posts

Post by GoldBrookeon Jun 20, 2018 5:08am

227 Views

Post# 28196747

MSE:ERDN

I found them trading under Tier 3 issuer. Here is the link. https://www.mse.mn/en/company/546 Looks like they opened higher and then traded lower. Great buy in price right now. Gold may be taking a beating right now but erd will be a low cost producer so this may actually make them more attractive to the majors.

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