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Erdene paints positive picture for Khundii

Erdene Resource Development Corp (TSX: ERD) is planning to forge ahead with its relatively modest Khundii gold project in Mongolia after releasing a positive preliminary economic assessment.

Staff reporter
Shares slip on release of PEA for Mongolian gold project

Shares slip on release of PEA for Mongolian gold project

The PEA put the after-tax NPV (5% discount) at US$99 million and the IRR at 56%, using a $1,200 an ounce gold price. Initial capex was estimated at $32 million for average annual gold production of...

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