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

Bullboard Posts

Comment by biscuits11on Jul 02, 2019 5:42pm

176 Views

Post# 29881180

RE:RE:RE:RE:Wow, 1000 shares traded today... no interest in Erdene.

Definitely a disappointing share price (i am very much underwater like most retail folks), but sometimes the price of a company doesn't reflect the value of a company. This is one of those cases in my opinion.

This team should have an operating mine in 2021 doing $35mm a year of cash flow, or .14c/share and it trades barely above that...

People are scared of Mongolia. Until these guys get through the red tape and build the mine, I expect a similar trading pattern. However, I think once they get the proper approvals (and assuming gold stays hot), you should expect to see this run. Or, if the mining tender process goes ERDs way, you should reallllllllllly expect this to run.

Bullboard Posts

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