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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 Jul 31, 2020 4:27pm
213 Views
Post# 31352017

RE:RE:Valuation

RE:RE:ValuationThanks for the feedback. And I understand the math. But feasibility studies aren't always accurate. And developing a mine is not easy. They've added some good mining folks to the board in recent years, which is critical for development. If gold continues to hold, or as you predict, go higher, every mediocre prospect on earth will appear economic. This is a near surface, high grade deposit, which is great. I wouldn't be counting on Altan Nar for an immediate boost to the mine life. I could be wrong, but we'll see. If I'm right, that leaves just undeveloped Bayan Khundi property in the middle of the Godi desert, in a very nationalistic country.

Lots of remote mines have been developed over the years but with so few ounces, I really think that new prospect is critical for Erdene to be the $2.00 stock that Paradigm has in the report. Btw, I haven't read the report, so maybe it would change my mind, maybe not.

I certainly wouldn't call it cheap at $125 million. I own the stock, so hope it goes to $2.00, I just see a lot of challenges to get there.
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