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Erdene Resource Development Corp

www: www.erdene.com   email: info@erdene.com
Category: Junior: Project Generator
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Symbol Data

Symbol Currency
TSE:ERD CAD
OTCMKTS:ERDCF USD

Description

Erdene Resource Development Corp are a junior, project generator looking for gold with one mine in development in Mongolia and three exploration properties. They have a market capitalisation of ~C$90.3M which is a fall of roughly 9% over the last ten months. As of 02/08/2023 they have no debt and ~C$3.68M 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 02/08/2023
Last
Analysis
Data
Current Data
Item Value Value Updated
MCap (FD): $99.51M $90.30M 02/08/2023
Total Assets: $12.66M $12.51M 02/08/2023
Total Liabilities: $3.72M $3.68M 02/08/2023
Current Assets: $3.72M $3.68M 02/08/2023
Current Liabilities: $0.35M $0.35M 02/08/2023
Total Debt: $0.00M $0.00M 02/08/2023
Cash: $3.72M $3.68M 02/08/2023
Enterprise Value: $95.78M $86.62M 09/29/1972
Cash Flow: $0.00M $0.00M never
Cash Flow Multiple: 0.00 0.00 never
Net Debt to
Cash Flow Ratio:		 n/a n/a never
Finance within 1 year: 02/08/2023
Misc 02/08/2023
Last
Analysis
Data
Current Data
Item Value Value Updated
Shares Outstanding: 294,000,000 294,000,000 02/08/2023
Shares (FD): 361,000,000 361,000,000 02/08/2023
Insider Ownership: n/a n/a never
Company Type: Mostly Gold Mostly Gold never
Production ETA: n/a 02/01/2023 02/08/2023
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 02/08/2023
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 02/08/2023
Initial CapEx (Outstanding): $59.00M
59.29% of MCap		 $59.00M
65.34% of MCap 		02/08/2023
Funding Option: n/a (guess)  Debt Financing 02/08/2023
Documentation: none none 02/08/2023
Future MCap Modifier: 0.02
PG/Explorer: Average Project
 0.02
PG/Explorer: Average Project
 04/24/2023
Cash Flow Multiplier: none none never

Resource Data

GOLD 02/08/2023
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 02/08/2023
Measured & Indicated: n/a n/a 02/08/2023
Inferred: n/a n/a 02/08/2023
Reserves & Resources: n/a n/a never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 02/08/2023
Measured & Indicated: n/a n/a 02/08/2023
Inferred: n/a n/a 02/08/2023
Reserves & Resources: n/a n/a never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 02/08/2023
Extra Operating Cost: n/a n/a 02/08/2023
Average Grade: n/a n/a 02/08/2023
Recovery Rate: n/a n/a 02/08/2023
F
U
T
U
R
E		 Proven & Probable: n/a n/a 02/08/2023
Annual Production: n/a n/a 02/08/2023
Cash Cost: n/a n/a 02/08/2023
Extra Operating Cost: n/a n/a 02/08/2023
SILVER 02/08/2023
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 02/08/2023
Measured & Indicated: n/a n/a 02/08/2023
Inferred: n/a n/a 02/08/2023
Reserves & Resources: n/a n/a never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 02/08/2023
Measured & Indicated: n/a n/a 02/08/2023
Inferred: n/a n/a 02/08/2023
Reserves & Resources: n/a n/a never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 02/08/2023
Extra Operating Cost: n/a n/a 02/08/2023
Average Grade: n/a n/a 02/08/2023
Recovery Rate: n/a n/a 02/08/2023
F
U
T
U
R
E		 Proven & Probable: n/a n/a 02/08/2023
Annual Production: n/a n/a 02/08/2023
Cash Cost: n/a n/a 02/08/2023
Extra Operating Cost: n/a n/a 02/08/2023

Property

Last Analysis Data  (02/08/2023)
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		 02/08/2023
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: n/a n/a n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): n/a n/a n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): n/a n/a n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: n/a n/a n/a
Max Profit / Current MCap: n/a n/a n/a
Max Profit Per Share (Gold): n/a n/a n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: n/a n/a n/a
Total Free Profit Per Share: n/a n/a n/a
FD MCap / Gold Eq.: n/a n/a n/a
FD MCap / Silver Eq.: n/a n/a n/a
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a
Measured &
Indicated		 02/08/2023
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: n/a n/a n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): n/a n/a n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): n/a n/a n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: n/a n/a n/a
Max Profit / Current MCap: n/a n/a n/a
Max Profit Per Share (Gold): n/a n/a n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: n/a n/a n/a
Total Free Profit Per Share: n/a n/a n/a
FD MCap / Gold Eq.: n/a n/a n/a
FD MCap / Silver Eq.: n/a n/a n/a
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a

Reserves &
Resources		 02/08/2023
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: n/a n/a n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): n/a n/a n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): n/a n/a n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: n/a n/a n/a
Max Profit / Current MCap: n/a n/a n/a
Max Profit Per Share (Gold): n/a n/a n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: n/a n/a n/a
Total Free Profit Per Share: n/a n/a n/a
FD MCap / Gold Eq.: n/a n/a n/a
FD MCap / Silver Eq.: n/a n/a n/a
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a

Future Valuation (Cash Flow & Totals)

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