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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

Comment by minefolloweron Dec 11, 2019 11:06am
707 Views
Post# 30443809

RE:Great PFS

RE:Great PFSDo not get your hopes up. This company went public at $0.85 per share in the early 2000s. Management has done little for shareholders since, unless you were lucky enough to time the two spikes in the stock price over the last decade. The only people to consistently make money on Erdene are employees on payroll. Although this PFS is positive, the company has had other positive reports which appreared good on paper but went nowhere. A project called Virgin took the company public; and there was a moly project a few years later. Both were hyped at the time and quietly died. Tens of millions of shareholder dollars up in smoke. The company also has close to 200 million shares outstanding. That is a big number! Unless a multi million ounce gold project falls from the sky, this stock will never go over 40 cents ever again. The risk/reward does not make sense, IMO. There are many better gold plays out there in friendlier jurisdictions with better prospects for development.
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