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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$106.46M which is a fall of roughly 12% over the last four months. As of 02/19/2021 they have ~C$49M debt and ~C$9.8M 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 $106.46M 02/19/2021 $-13.90M
Total Assets: $13.46M $13.89M 02/19/2021 $0.43M
Total Liabilities: $51.46M $53.10M 02/19/2021 $1.64M
Current Assets: $9.50M $9.80M 02/19/2021 $0.30M
Current Liabilities: $0.37M $0.38M 02/19/2021 $0.01M
Total Debt: $47.50M $49.01M 02/19/2021 $1.52M
Cash: $9.50M $9.80M 02/19/2021 $0.30M
Enterprise Value: $158.36M $145.67M 08/13/1974 $-12.69M
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
55.42% 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 1.16M
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 1.05M
Maximum Profit (Gold): $189.77M $187.28M n/a $-2.49M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $189.77M $187.28M n/a $-2.49M
Max Profit / Current MCap: 1.577 1.759 n/a 0.182
Max Profit Per Share (Gold): $0.52 $0.52 n/a $-0.01
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.52 $0.52 n/a $-0.01
Total Free Profit Per Share: $0.10 $0.16 n/a $0.05
FD Mkt. Cap / Gold Eq.: $334.33 $295.72 n/a $-38.61
FD Mkt. Cap / Silver Eq.: $5.11 $4.33 n/a $-0.78
FD Mkt. Cap / Per Metal
as % Spot Price:
18.73% 16.65% n/a -2.08%
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 2.47M
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 1.99M
Maximum Profit (Gold): $360.57M $355.83M n/a $-4.74M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $360.57M $355.83M n/a $-4.74M
Max Profit / Current MCap: 2.996 3.342 n/a 0.347
Max Profit Per Share (Gold): $1.00 $0.98 n/a $-0.01
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.00 $0.98 n/a $-0.01
Total Free Profit Per Share: $0.58 $0.62 n/a $0.05
FD Mkt. Cap / Gold Eq.: $175.96 $155.64 n/a $-20.32
FD Mkt. Cap / Silver Eq.: $2.69 $2.28 n/a $-0.41
FD Mkt. Cap / Per Metal
as % Spot Price:
9.86% 8.77% n/a -1.09%

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 3.49M
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 2.44M
Maximum Profit (Gold): $443.59M $437.76M n/a $-5.83M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $443.59M $437.76M n/a $-5.83M
Max Profit / Current MCap: 3.686 4.112 n/a 0.426
Max Profit Per Share (Gold): $1.23 $1.21 n/a $-0.02
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.23 $1.21 n/a $-0.02
Total Free Profit Per Share: $0.81 $0.85 n/a $0.04
FD Mkt. Cap / Gold Eq.: $143.03 $126.51 n/a $-16.52
FD Mkt. Cap / Silver Eq.: $2.18 $1.85 n/a $-0.33
FD Mkt. Cap / Per Metal
as % Spot Price:
8.01% 7.12% n/a -0.89%

Future Valuation (Cash Flow & Totals)

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