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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
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Comment by biscuits11on Aug 25, 2018 12:49am
129 Views
Post# 28516407

RE:RE:Gold Popping

RE:RE:Gold PoppingOne of the more interesting takeaways from the podcast interview with the Independent Speculator was when the CEO stated that two gold funds (I believe they were in AUS) wound down and had to dump 15mm shares. That is a staggeringly large number - about 10% of shares outstanding - for a junior mining company. 

I believe that smart money pushed this thing down knowing this. Now with a global resource estimate and PEA coming, the price action should reflect renewed interest with many fewer sellers. 

The story of this company never changed. It was in Mongolia when it was at $1+, it was in Mongolia when it was at $0.30. They biggest difference is that they have de-risked the darn thing.

I believe patience will be rewarded in this stock. An initial mine of 2+mm oz of high grade near surface is the ideal project to build out a new district.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities