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Erdene buys back 1% NSR on Khundii

Erdene Resource Development Corp (TSX: ERD) has announced it will buy back half of the net smelter return royalty over its Khundii gold project in Mongolia from Sandstorm Gold for C$1.2 million (US$0.9 million), using cash on hand.

Erdene buys back 1% NSR on Khundii Erdene buys back 1% NSR on Khundii Erdene buys back 1% NSR on Khundii Erdene buys back 1% NSR on Khundii Erdene buys back 1% NSR on Khundii

Says the fair value of 1% NSR over Mongolian project is “well in excess” of repurchase price

"Considering the results of our recent preliminary economic assessment and the exploration potential of the Khundii gold project license area, the fair value of the 1% NSR is well in excess of the

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