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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$89.58M which is a fall of roughly 28% over the last six months. As of 02/08/2022 they have ~C$47M debt and ~C$47.3M cash. They have 294M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

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General Details

Financial 02/08/2022
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (FD): $125.00M $89.58M 02/08/2022 $-35.43M
Total Assets: $13.38M $13.18M 02/08/2022 $-0.20M
Total Liabilities: $51.15M $50.40M 02/08/2022 $-0.75M
Current Assets: $48.01M $47.30M 02/08/2022 $-0.70M
Current Liabilities: $0.37M $0.36M 02/08/2022 $-0.01M
Total Debt: $47.22M $46.53M 02/08/2022 $-0.69M
Cash: $48.01M $47.30M 02/08/2022 $-0.70M
Enterprise Value: $124.22M $88.80M 10/24/1972 $-35.41M
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: 02/08/2022 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 02/08/2022 0.00%
Misc 02/08/2022
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 294,000,000 294,000,000 02/08/2022 0
Shares (FD): 361,000,000 361,000,000 02/08/2022 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 02/01/2023 02/08/2022 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
02/08/2022 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
02/08/2022 0
Initial CapEx (Outstanding): $59.00M
47.2% of Mkt.Cap
$59.00M
65.87% of Mkt.Cap
02/08/2022 $0.00M
Funding Option: n/a (guess)  Debt Financing 02/08/2022 n/a
Documentation: none FS 02/08/2022 n/a
Value Adjustment: 10% 10% never 0%

Resource Data

GOLD 02/08/2022
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 02/08/2022 0.00M
Measured & Indicated: 0.85M 0.85M 02/08/2022 0.00M
Inferred: 0.35M 0.35M 02/08/2022 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 02/08/2022 0.00M
Measured & Indicated: 0.68M 0.68M 02/08/2022 0.00M
Inferred: 0.16M 0.16M 02/08/2022 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 02/08/2022 $0.00
Extra Operating Cost: n/a n/a 02/08/2022 $0.00
Average Grade: 2.50 g/t 2.50 g/t 02/08/2022 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 02/08/2022 0.00%
F
U
T
U
R
E
Proven & Probable: 1.50M 1.50M 02/08/2022 0.00M
Annual Production: 75,000oz. 75,000oz. 02/08/2022 0oz.
Cash Cost: $650 $650 02/08/2022 $0
Extra Operating Cost: $450 $450 02/08/2022 $0
SILVER 02/08/2022
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 02/08/2022 0.00M
Measured & Indicated: n/a n/a 02/08/2022 0.00M
Inferred: n/a n/a 02/08/2022 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 02/08/2022 0.00M
Measured & Indicated: n/a n/a 02/08/2022 0.00M
Inferred: n/a n/a 02/08/2022 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 02/08/2022 $0.00
Extra Operating Cost: n/a n/a 02/08/2022 $0.00
Average Grade: n/a n/a 02/08/2022 n/a
Recovery Rate: n/a n/a 02/08/2022 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 02/08/2022 0.00M
Annual Production: n/a n/a 02/08/2022 n/a
Cash Cost: n/a n/a 02/08/2022 n/a
Extra Operating Cost: n/a n/a 02/08/2022 n/a

Property

Last Analysis Data  (02/08/2022)
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
02/08/2022
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 2.26M
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 2.04M
Maximum Profit (Gold): $194.12M $204.57M n/a $10.45M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $194.12M $204.57M n/a $10.45M
Max Profit / Current MCap: 1.553 2.284 n/a 0.731
Max Profit Per Share (Gold): $0.54 $0.57 n/a $0.03
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.54 $0.57 n/a $0.03
Total Free Profit Per Share: $0.10 $0.25 n/a $0.15
FD Mkt. Cap / Gold Eq.: $347.23 $248.83 n/a $-98.40
FD Mkt. Cap / Silver Eq.: $4.36 $2.92 n/a $-1.44
FD Mkt. Cap / Per Metal
as % Spot Price:
19.29% 13.54% n/a -5.75%
Measured &
Indicated
02/08/2022
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 4.81M
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 3.87M
Maximum Profit (Gold): $368.83M $388.69M n/a $19.86M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $368.83M $388.69M n/a $19.86M
Max Profit / Current MCap: 2.951 4.339 n/a 1.389
Max Profit Per Share (Gold): $1.02 $1.08 n/a $0.06
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.02 $1.08 n/a $0.06
Total Free Profit Per Share: $0.58 $0.76 n/a $0.18
FD Mkt. Cap / Gold Eq.: $182.75 $130.96 n/a $-51.79
FD Mkt. Cap / Silver Eq.: $2.30 $1.54 n/a $-0.76
FD Mkt. Cap / Per Metal
as % Spot Price:
10.15% 7.13% n/a -3.03%

Reserves &
Resources
02/08/2022
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 6.79M
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 4.76M
Maximum Profit (Gold): $453.76M $478.19M n/a $24.43M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $453.76M $478.19M n/a $24.43M
Max Profit / Current MCap: 3.630 5.338 n/a 1.708
Max Profit Per Share (Gold): $1.26 $1.32 n/a $0.07
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.26 $1.32 n/a $0.07
Total Free Profit Per Share: $0.82 $1.00 n/a $0.19
FD Mkt. Cap / Gold Eq.: $148.55 $106.45 n/a $-42.10
FD Mkt. Cap / Silver Eq.: $1.87 $1.25 n/a $-0.62
FD Mkt. Cap / Per Metal
as % Spot Price:
8.25% 5.79% n/a -2.46%

Future Valuation (Cash Flow & Totals)

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