Subscribe Now   -   Standard: only $199 per year   or   Premium: only $299 per year  -   Click Here

Erdene Resource Development Corp

www: www.erdene.com   email: info@erdene.com
Category: Junior: Near-term Producer
Rating & Risk: Login to view
Profile
Notes
Forum
Your Data

Symbol Data

Symbol Currency
TSE:ERD CAD
OTCMKTS:ERDCF USD

Description

Erdene Resource Development Corp are a gold focused junior, near-term producer with one mine in development in Mongolia and three exploration properties. They have approximately 0.4Moz. of gold in the reserves and resources category of which 0.3Moz. are in the measured and indicated category. They have a market capitalisation of ~C$121.66M which is a rise of roughly 39% over the last three months. As of 02/10/2024 they have no debt and ~C$3.67M cash. They have 345M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

Login or Subscribe to access Don's Summary
Alert me when stock is updated

General Details

Financial 02/10/2024
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
MCap (FD): $87.47M $121.66M 02/10/2024 $34.19M
Total Assets: $12.63M $12.49M 02/10/2024 $-0.14M
Total Liabilities: $3.72M $3.67M 02/10/2024 $-0.04M
Current Assets: $3.72M $3.67M 02/10/2024 $-0.04M
Current Liabilities: $0.35M $0.35M 02/10/2024 $0.00M
Total Debt: $0.00M $0.00M 02/10/2024 $0.00M
Cash: $3.72M $3.67M 02/10/2024 $-0.04M
Enterprise Value: $83.75M $117.98M 09/27/1973 $34.23M
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: 02/10/2024 n/a
Misc 02/10/2024
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 344,888,176 344,888,176 02/10/2024 0
Shares (FD): 399,000,000 399,000,000 02/10/2024 0
Insider Ownership: n/a n/a never n/a
Dividend (Annual): n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 02/01/2023 02/10/2024 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
02/10/2024 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
02/10/2024 0
Initial CapEx (Outstanding): $59.00M
67.45% of MCap
$59.00M
48.5% of MCap
02/10/2024 $0.00M
Funding Option: n/a (guess)  Debt Financing 02/10/2024 n/a
Documentation: none none 02/10/2024 n/a
Future MCap Modifier: 0.2
Developer: Near-term Producer
0.2
Developer: Near-term Producer
02/10/2024 0
Cash Flow Multiplier: 7 7 02/10/2024 0.00

Resource Data

GOLD 02/10/2024
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 0.25M 0.25M 02/10/2024 0.00M
Measured & Indicated: 0.30M 0.30M 02/10/2024 0.00M
Inferred: 0.10M 0.10M 02/10/2024 0.00M
Reserves & Resources: 0.40M 0.40M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 0.20M 0.20M 02/10/2024 0.00M
Measured & Indicated: 0.23M 0.23M 02/10/2024 0.00M
Inferred: 0.04M 0.04M 02/10/2024 0.00M
Reserves & Resources: 0.27M 0.27M never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 02/10/2024 $0.00
Extra Operating Cost: n/a n/a 02/10/2024 $0.00
G
R
A
D
E
Underground (Avg): 2.00 g/t n/a 02/10/2024 n/a
Open Pit (Avg): n/a 2.00 g/t 02/10/2024 2.00 g/t
Recovery Rate: (CG)  80.00% (CG)  80.00% 02/10/2024 0.00%
F
U
T
U
R
E
Proven & Probable: 0.50M 0.50M 02/10/2024 0.00M
Annual Production: 40,000oz. 40,000oz. 02/10/2024 0oz.
Cash Cost: $1,000 $1,000 02/10/2024 $0
Extra Operating Cost: $500 $500 02/10/2024 $0
SILVER 02/10/2024
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 02/10/2024 0.00M
Measured & Indicated: n/a n/a 02/10/2024 0.00M
Inferred: n/a n/a 02/10/2024 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 02/10/2024 0.00M
Measured & Indicated: n/a n/a 02/10/2024 0.00M
Inferred: n/a n/a 02/10/2024 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 02/10/2024 $0.00
Extra Operating Cost: n/a n/a 02/10/2024 $0.00
G
R
A
D
E
Underground (Avg): n/a n/a 02/10/2024 n/a
Open Pit (Avg): n/a n/a 02/10/2024 n/a
Recovery Rate: n/a n/a 02/10/2024 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 02/10/2024 0.00M
Annual Production: n/a n/a 02/10/2024 n/a
Cash Cost: n/a n/a 02/10/2024 n/a
Extra Operating Cost: n/a n/a 02/10/2024 n/a

Property

Last Analysis Data  (02/10/2024)
Stage Name Owned Au Ag Cu Notes
Dev Altan Nar 50% show
500,000 oz at 2 gpt

PEA in 2019
2nd mine.
Exp Khundii (Bayan and Dark Horse) 50% show
500,000 oz at 3 gpt

PFS in 2019
50,000 oz annual production
$1000 all-in costs
$40 million
production in 2024
Exp Ulaan 50% n/a
Exp Zuun Mod 100% show
Large copper and moly deposit. Close to a feasibility study decision.
Total Land Package Size (ha): 750  
Current Data
Stage Name Owned Au Ag Cu Notes
Dev Altan Nar 50% show
500,000 oz at 2 gpt

PEA in 2019
2nd mine.
Exp Khundii (Bayan and Dark Horse) 50% show
500,000 oz at 3 gpt

PFS in 2019
50,000 oz annual production
$1000 all-in costs
$40 million
production in 2024
Exp Ulaan 50% n/a
Exp Zuun Mod 100% show
Large copper and moly deposit. Close to a feasibility study decision.
Total Land Package Size (ha): 750  

Profitability (by resource)

Proven &
Probable
02/10/2024
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.): 0.25M 0.25M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -3.25M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.20M 0.20M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -2.60M
Maximum Profit (Gold): $104.76M $182.90M n/a $78.14M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $104.76M $182.90M n/a $78.14M
Max Profit / Current MCap: 1.198 1.503 n/a 0.306
Max Profit Per Share (Gold): $0.26 $0.46 n/a $0.20
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.26 $0.46 n/a $0.20
Total Free Profit Per Share: $0.00 $0.04 n/a $0.04
FD MCap / Gold Eq.: $437.35 $608.28 n/a $170.93
FD MCap / Silver Eq.: $4.87 $7.93 n/a $3.05
FD MCap / Per Metal
as % Spot Price:
21.61% 25.19% n/a 3.58%
Measured &
Indicated
02/10/2024
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.): 0.30M 0.30M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -3.90M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.23M 0.23M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -3.02M
Maximum Profit (Gold): $121.52M $212.16M n/a $90.64M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $121.52M $212.16M n/a $90.64M
Max Profit / Current MCap: 1.389 1.744 n/a 0.355
Max Profit Per Share (Gold): $0.30 $0.53 n/a $0.23
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.30 $0.53 n/a $0.23
Total Free Profit Per Share: $0.01 $0.12 n/a $0.11
FD MCap / Gold Eq.: $377.03 $524.38 n/a $147.35
FD MCap / Silver Eq.: $4.20 $6.83 n/a $2.63
FD MCap / Per Metal
as % Spot Price:
18.63% 21.72% n/a 3.09%

Reserves &
Resources
02/10/2024
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 -5.20M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 0.27M 0.27M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -3.54M
Maximum Profit (Gold): $142.47M $248.74M n/a $106.27M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $142.47M $248.74M n/a $106.27M
Max Profit / Current MCap: 1.629 2.045 n/a 0.416
Max Profit Per Share (Gold): $0.36 $0.62 n/a $0.27
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.36 $0.62 n/a $0.27
Total Free Profit Per Share: $0.06 $0.21 n/a $0.15
FD MCap / Gold Eq.: $321.58 $447.26 n/a $125.68
FD MCap / Silver Eq.: $3.58 $5.83 n/a $2.24
FD MCap / Per Metal
as % Spot Price:
15.89% 18.52% n/a 2.63%

Future Valuation (Cash Flow & Totals)

Login to view

Defaults

We use cookies on this website. By using this site, you agree that we may store and access cookies on your device. Find out more here.     ×