Erdene Resource Development Corp T.ERD

new to this company

[pastafagoli]

I saw the g&M article about sprott buying in.  He buys into a lot of mining.  Anything real to this comany.  Reviewing reports.  Mongolia??   If anyone beens following for a while Id like to chat with you.

[fruitvale3067]

Sprott has been a shareholed for some time. He recently added to his position. Whats not to like? Great high grade deposit, building a mill, roducing in 6 months, low AISC, exploration potential off the charts, and finally gold hitting all time highs.  Perfect timing.

[pastafagoli]

Yes a lot looks good.  So did some of my prior mining investments that went to 0.  Initial mine is only 6 years - cashflow for exploration without dilution.  Have any other areas proven to be economically feasible?  I am just going through their website info.     

[minefollower]

After the deal with MMC, they own 50% of the developing mine and adjacent areas (they have a NSR, but only after 400,000 oz of production). They need to find significant additional resources for upside on the stock. The market cap has run up to $250 million, which is fully valued, IMO. It's going to take a lot of addtional drilling to find the resources needed to push the stock above $1.00

[pastafagoli]

Thank you.   I appreciate hearing your comments.  You highlighted some of my concerns.  I see they have 2M gold equivalent so the market cap is about 4% of the in ground value.  I do think thats typical.  I just wonder why Sprott has such a large holding?   He invests in a lot of mines so I am not sure how much weight to put into his investment.  I do

[fruitvale3067]

In a recent interview the CEO layed out future plans including their other depodits. Darkhourse ore will be shipped to the mill currently being built. Another deposit (altan Nar) I belive could be a stand alone project with another mill. Lastly is Zunn Mod which the company retained 100% ownership. Yes still more exploration to be done on all of these for sure all of them look very promising. If I