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Erdene Resource Development Corp.

www: www.erdene.com   email: info@erdene.com
Category: Junior: Near-term Producer
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Symbol Data

Symbol Currency
OTCMKTS:ERDCF USD
TSE:ERD CAD

Description

Erdene Resource Development Corp. are a gold focused junior near-term producer with two mines in development in Canada and Mongolia and five exploration properties. They have approximately 1.2Moz. of gold in the reserves and resources category of which 0.85Moz. are in the measured and indicated category. They have a market capitalisation of ~C$110.82M which is a fall of roughly 8% over the last seven months. As of 02/19/2021 they have ~C$47M debt and ~C$9.42M cash. They have 268M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

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General Details

Financial 02/19/2021
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $120.36M $110.82M 02/19/2021 $-9.54M
Total Assets: $13.46M $13.34M 02/19/2021 $-0.11M
Total Liabilities: $51.46M $51.02M 02/19/2021 $-0.43M
Current Assets: $9.50M $9.42M 02/19/2021 $-0.08M
Current Liabilities: $0.37M $0.37M 02/19/2021 $0.00M
Total Debt: $47.50M $47.10M 02/19/2021 $-0.40M
Cash: $9.50M $9.42M 02/19/2021 $-0.08M
Enterprise Value: $158.36M $148.50M 09/15/1974 $-9.86M
Cash Flow: $0.00M $0.00M never $0.00M
Cash Flow Multiple: 0.00 0.00 never 0.00
Net Debt to
Cash Flow Ratio:
n/a n/a never 0.00
Finance within 1 year: 02/19/2021 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 02/19/2021 0.00%
Misc 02/19/2021
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 268,450,000 268,450,000 02/19/2021 0
Shares (FD): 362,000,000 362,000,000 02/19/2021 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 02/01/2022 02/19/2021 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
02/19/2021 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
02/19/2021 0
Initial CapEx (Outstanding): $59.00M
49.02% of Mkt.Cap
$59.00M
53.24% of Mkt.Cap
02/19/2021 $0.00M
Funding Option: n/a (guess)  Debt Financing 02/19/2021 n/a
Documentation: none FS 02/19/2021 n/a
Value Adjustment: 10% 10% never 0%

Resource Data

GOLD 02/19/2021
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 0.40M 0.40M 02/19/2021 0.00M
Measured & Indicated: 0.85M 0.85M 02/19/2021 0.00M
Inferred: 0.35M 0.35M 02/19/2021 0.00M
Reserves & Resources: 1.20M 1.20M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 0.36M 0.36M 02/19/2021 0.00M
Measured & Indicated: 0.68M 0.68M 02/19/2021 0.00M
Inferred: 0.16M 0.16M 02/19/2021 0.00M
Reserves & Resources: 0.84M 0.84M never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 02/19/2021 $0.00
Extra Operating Cost: n/a n/a 02/19/2021 $0.00
Average Grade: 2.50 g/t 2.50 g/t 02/19/2021 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 02/19/2021 0.00%
F
U
T
U
R
E
Proven & Probable: 1.50M 1.50M 02/19/2021 0.00M
Annual Production: 75,000oz. 75,000oz. 02/19/2021 0oz.
Cash Cost: $650 $650 02/19/2021 $0
Extra Operating Cost: $450 $450 02/19/2021 $0
SILVER 02/19/2021
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 02/19/2021 0.00M
Measured & Indicated: n/a n/a 02/19/2021 0.00M
Inferred: n/a n/a 02/19/2021 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 02/19/2021 0.00M
Measured & Indicated: n/a n/a 02/19/2021 0.00M
Inferred: n/a n/a 02/19/2021 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 02/19/2021 $0.00
Extra Operating Cost: n/a n/a 02/19/2021 $0.00
Average Grade: n/a n/a 02/19/2021 n/a
Recovery Rate: n/a n/a 02/19/2021 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 02/19/2021 0.00M
Annual Production: n/a n/a 02/19/2021 n/a
Cash Cost: n/a n/a 02/19/2021 n/a
Extra Operating Cost: n/a n/a 02/19/2021 n/a

Property

Last Analysis Data  (02/19/2021)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Canada Donkin 25% n/a n/a n/a
Development Mongolia, Mongolia Altan Nar 100% n/a Open Pit show
500,000 oz at 2 gpt

PEA in 2019
2nd mine.
Exploration Mongolia, Mongolia Bayan Khundii 100% 750 Open Pit show
500,000 oz at 3 gpt

PFS in 2019
50,000 oz annual production
$1000 all-in costs
$40 million capex
Exploration Mongolia Khuvyn Khar 100% n/a n/a n/a
Exploration Mongolia Zuun Mod 100% n/a n/a show
Large copper and moly deposit. Close to a feasibility study decision.
Exploration Georgia, USA Granite Hill 100% n/a n/a n/a
Exploration Georgia, USA Sparta 62% n/a n/a n/a
Total Land Package Size (ha): 750  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Canada Donkin 25% n/a n/a n/a
Development Mongolia, Mongolia Altan Nar 100% n/a Open Pit show
500,000 oz at 2 gpt

PEA in 2019
2nd mine.
Exploration Mongolia, Mongolia Bayan Khundii 100% 750 Open Pit show
500,000 oz at 3 gpt

PFS in 2019
50,000 oz annual production
$1000 all-in costs
$40 million capex
Exploration Mongolia Khuvyn Khar 100% n/a n/a n/a
Exploration Mongolia Zuun Mod 100% n/a n/a show
Large copper and moly deposit. Close to a feasibility study decision.
Exploration Georgia, USA Granite Hill 100% n/a n/a n/a
Exploration Georgia, USA Sparta 62% n/a n/a n/a
Total Land Package Size (ha): 750  

Profitability (by resource)

Proven &
Probable
02/19/2021
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 0.40M 0.40M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 5.56M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.36M 0.36M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 5.01M
Maximum Profit (Gold): $189.77M $183.95M n/a $-5.82M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $189.77M $183.95M n/a $-5.82M
Max Profit / Current MCap: 1.577 1.660 n/a 0.083
Max Profit Per Share (Gold): $0.52 $0.51 n/a $-0.02
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.52 $0.51 n/a $-0.02
Total Free Profit Per Share: $0.10 $0.12 n/a $0.01
FD Mkt. Cap / Gold Eq.: $334.33 $307.83 n/a $-26.50
FD Mkt. Cap / Silver Eq.: $5.11 $3.88 n/a $-1.23
FD Mkt. Cap / Per Metal
as % Spot Price:
18.73% 17.45% n/a -1.28%
Measured &
Indicated
02/19/2021
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 0.85M 0.85M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 11.82M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.68M 0.68M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 9.51M
Maximum Profit (Gold): $360.57M $349.50M n/a $-11.06M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $360.57M $349.50M n/a $-11.06M
Max Profit / Current MCap: 2.996 3.154 n/a 0.158
Max Profit Per Share (Gold): $1.00 $0.97 n/a $-0.03
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.00 $0.97 n/a $-0.03
Total Free Profit Per Share: $0.58 $0.58 n/a $0.00
FD Mkt. Cap / Gold Eq.: $175.96 $162.01 n/a $-13.95
FD Mkt. Cap / Silver Eq.: $2.69 $2.04 n/a $-0.65
FD Mkt. Cap / Per Metal
as % Spot Price:
9.86% 9.19% n/a -0.67%

Reserves &
Resources
02/19/2021
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 1.20M 1.20M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 16.68M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.84M 0.84M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 11.70M
Maximum Profit (Gold): $443.59M $429.98M n/a $-13.61M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $443.59M $429.98M n/a $-13.61M
Max Profit / Current MCap: 3.686 3.880 n/a 0.195
Max Profit Per Share (Gold): $1.23 $1.19 n/a $-0.04
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.23 $1.19 n/a $-0.04
Total Free Profit Per Share: $0.81 $0.80 n/a $-0.01
FD Mkt. Cap / Gold Eq.: $143.03 $131.69 n/a $-11.34
FD Mkt. Cap / Silver Eq.: $2.18 $1.66 n/a $-0.53
FD Mkt. Cap / Per Metal
as % Spot Price:
8.01% 7.47% n/a -0.55%

Future Valuation (Cash Flow & Totals)

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