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 > Executive compensation

<< Previous

Bullboard Posts

Next >>

Comment by minefolloweron Jun 22, 2021 7:58am

228 Views

Post# 33425937

RE:RE:RE:RE:RE:Executive compensation

A seven year mine life covers current market cap. The only way to move the stock upward by any meaninful amount will be a significant addition of ounces. They will need to spend cash generated from an operating mine to find addtional ounces. And the number of outstanding shares will continue to be a problem, unless they find something really big. Finding something big is a possibility, but they have been working in the courntry for a long time and only now appear to have something that should go into production, albeit with limited resource.

The next 12 months will tell the tale.

<< Previous

Bullboard Posts

Next >>

Canadian government to fund Electric Royalties portfolio property