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Erdene Resource Development Corp. are a junior, project generator looking for gold with one mine in development in Canada and exploration properties. They have a market capitalisation of ~C$56.59M which is a fall of roughly 40% over the last twelve months. As of 09/30/2017 they have no debt and ~C$4.46M cash. They have 146M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.
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Profitability (by resource)
Future Valuation (Cash Flow & Totals)
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Advancing two surface gold projects in Mongolia. Significant potential, but pricey.
Gold Price (last analysis) ($)
Silver Price (last analysis) ($)
Stock Price (last analysis) ($)
1 Year Stock Price High ($)
Current Stock Price Versus 1 Year High (%)
Stock Price USA 5-Year High ($) (including date)
3.20 - 1/21/2011
Stock Price USA 5-Year Low ($) (including date)
8 Cents - 12/11/2014
Local Issues (wag)
Potential infrastructure issues.
100% of Altan Nar
Country of Incorporation
2 properties in Mongolia
Shareholder Friendly (wag)
Likely to get diluted.
Ore Grade (wag)
Altan Nar is (1 to 2 gpt) surface mine.
2/22/2017: Decreased rating from 3 to 2 because their market cap exploded in 2016.
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