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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Comment by biscuits11on Sep 18, 2018 1:28pm

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Post# 28640316

RE:Hmmm

I agree entirely - it was underwhelming and I will not continue to buy more, but I will hold. The size of the resource is not what I expected (for now, I have confidence it will grow).

I have a feeling they were trying to be very conservative and will be more than capable of reaching their target of 60koz/y at 3g/t for a start up mine, growing to 100koz/y at a worse grade.

Unfortunately, they will need financing and at these SPs that will suck for us retail investors.

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