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Erdene Resource Development Corp.

www: www.erdene.com   email: info@erdene.com
Category: Junior: Late Stage Developer
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Symbol Data

Symbol Currency
OTCMKTS:ERDCF USD
TSE:ERD CAD

Description

Erdene Resource Development Corp. are a gold focused junior, late stage development company with one mine in development in Canada and exploration properties. They have approximately 1Moz. of gold in the reserves and resources category of which 0.75Moz. are in the measured and indicated category. They have a market capitalisation of ~C$26M which is a fall of roughly 16% over the last nine months. As of 02/09/2019 they have no debt and ~C$1.28M cash. They have 162M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

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General Details

Financial 02/09/2019
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Mkt. Cap (FD): $30.78M $26.00M 02/09/2019 $-4.78M
Total Assets: $10.53M $10.58M 02/09/2019 $0.05M
Total Liabilities: $0.35M $0.36M 02/09/2019 $0.00M
Current Assets: $1.50M $1.51M 02/09/2019 $0.01M
Current Liabilities: $0.35M $0.36M 02/09/2019 $0.00M
Total Debt: $0.00M $0.00M 02/09/2019 $0.00M
Cash: $1.28M $1.28M 02/09/2019 $0.01M
Enterprise Value: $29.50M $24.71M 10/13/1970 $-4.78M
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: 02/09/2019 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 02/09/2019 0.00%
Misc 02/09/2019
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 162,000,000 162,000,000 02/09/2019 0
Shares (FD): 186,000,000 186,000,000 02/09/2019 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a n/a 02/09/2019 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 02/09/2019 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 02/09/2019 0
Initial CapEx (Outstanding): n/a n/a 02/09/2019 n/a
Funding Option: n/a n/a 02/09/2019 n/a
Documentation: none none 02/09/2019 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 02/09/2019
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 02/09/2019 0.00M
Measured & Indicated: 0.75M 0.75M 02/09/2019 0.00M
Inferred: 0.25M 0.25M 02/09/2019 0.00M
Reserves & Resources: 1.00M 1.00M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 02/09/2019 0.00M
Measured & Indicated: 0.48M 0.48M 02/09/2019 0.00M
Inferred: 0.10M 0.10M 02/09/2019 0.00M
Reserves & Resources: 0.58M 0.58M never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 02/09/2019 $0.00
Extra Operating Cost: n/a n/a 02/09/2019 $0.00
Average Grade: 2.00 g/t 2.00 g/t 02/09/2019 n/a
Recovery Rate: (CG)  80.00% (CG)  80.00% 02/09/2019 0.00%
F
U
T
U
R
E		 Proven & Probable: 1.00M 1.00M 02/09/2019 0.00M
Annual Production: 50,000oz. 50,000oz. 02/09/2019 0oz.
Cash Cost: $600 $600 02/09/2019 $0
Extra Operating Cost: $400 $400 02/09/2019 $0
SILVER 02/09/2019
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 02/09/2019 0.00M
Measured & Indicated: n/a n/a 02/09/2019 0.00M
Inferred: n/a n/a 02/09/2019 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 02/09/2019 0.00M
Measured & Indicated: n/a n/a 02/09/2019 0.00M
Inferred: n/a n/a 02/09/2019 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 02/09/2019 $0.00
Extra Operating Cost: n/a n/a 02/09/2019 $0.00
Average Grade: n/a n/a 02/09/2019 n/a
Recovery Rate: n/a n/a 02/09/2019 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 02/09/2019 0.00M
Annual Production: n/a n/a 02/09/2019 n/a
Cash Cost: n/a n/a 02/09/2019 n/a
Extra Operating Cost: n/a n/a 02/09/2019 n/a

Property

Last Analysis Data  (02/09/2019)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Canada Donkin 25% n/a n/a n/a
Exploration Mongolia, Mongolia Khundii 100% 750 Open Pit show
1 million oz at 2 gpt

PEA 2018
50,000 oz annual production
$900 all-in costs
$32 million capex
Exploration Mongolia Khuvyn Khar 100% n/a n/a n/a
Exploration Mongolia Mongolia Regional 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
Exploration Mongolia, Mongolia Khundii 100% 750 Open Pit show
1 million oz at 2 gpt

PEA 2018
50,000 oz annual production
$900 all-in costs
$32 million capex
Exploration Mongolia Khuvyn Khar 100% n/a n/a n/a
Exploration Mongolia Mongolia Regional 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		 02/09/2019
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD Mkt. Cap / Gold Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Silver Eq.: n/a n/a n/a $0.00
FD Mkt. Cap / Per Metal
as % Spot Price:		 n/a n/a n/a 0.00%
Measured &
Indicated		 02/09/2019
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.): 0.75M 0.75M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 2.62M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.48M 0.48M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 1.68M
Maximum Profit (Gold): $105.57M $155.27M n/a $49.69M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $105.57M $155.27M n/a $49.69M
Max Profit / Current MCap: 3.430 5.972 n/a 2.542
Max Profit Per Share (Gold): $0.57 $0.83 n/a $0.27
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.57 $0.83 n/a $0.27
Total Free Profit Per Share: $0.35 $0.65 n/a $0.30
FD Mkt. Cap / Gold Eq.: $64.12 $54.16 n/a $-9.95
FD Mkt. Cap / Silver Eq.: $0.77 $0.63 n/a $-0.15
FD Mkt. Cap / Per Metal
as % Spot Price:		 4.88% 3.70% n/a -1.17%

Reserves &
Resources		 02/09/2019
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.): 1.00M 1.00M 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.: 0.58M 0.58M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 2.03M
Maximum Profit (Gold): $127.57M $187.61M n/a $60.05M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $127.57M $187.61M n/a $60.05M
Max Profit / Current MCap: 4.145 7.216 n/a 3.071
Max Profit Per Share (Gold): $0.69 $1.01 n/a $0.32
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.69 $1.01 n/a $0.32
Total Free Profit Per Share: $0.47 $0.82 n/a $0.36
FD Mkt. Cap / Gold Eq.: $53.06 $44.82 n/a $-8.24
FD Mkt. Cap / Silver Eq.: $0.64 $0.52 n/a $-0.12
FD Mkt. Cap / Per Metal
as % Spot Price:		 4.04% 3.07% n/a -0.97%

Future Valuation (Cash Flow & Totals)

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