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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 two mines in development in Canada and Mongolia and five 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$89.76M which is a rise of roughly 63% over the last five months. As of 02/18/2020 they have ~C$5M debt and ~C$3.68M cash. They have 192M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

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General Details

Financial 02/18/2020
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Mkt. Cap (FD): $54.91M $89.76M 02/18/2020 $34.85M
Total Assets: $12.83M $12.51M 02/18/2020 $-0.33M
Total Liabilities: $5.28M $5.15M 02/18/2020 $-0.13M
Current Assets: $3.77M $3.68M 02/18/2020 $-0.10M
Current Liabilities: $0.35M $0.35M 02/18/2020 $-0.01M
Total Debt: $4.98M $4.86M 02/18/2020 $-0.13M
Cash: $3.77M $3.68M 02/18/2020 $-0.10M
Enterprise Value: $56.12M $90.93M 11/18/1972 $34.82M
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: 02/18/2020 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 02/18/2020 0.00%
Misc 02/18/2020
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 191,644,000 191,644,000 02/18/2020 0
Shares (FD): 234,644,000 234,644,000 02/18/2020 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 10/01/2021 02/18/2020 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 02/18/2020 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 02/18/2020 0
Initial CapEx (Outstanding): $40.00M
72.85% of Mkt.Cap		 $40.00M
44.57% of Mkt.Cap 		02/18/2020 $0.00M
Funding Option: n/a n/a 02/18/2020 n/a
Documentation: none PFS 02/18/2020 n/a
Value Adjustment: none none never 0%

Resource Data

GOLD 02/18/2020
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 02/18/2020 0.00M
Measured & Indicated: 0.75M 0.75M 02/18/2020 0.00M
Inferred: 0.25M 0.25M 02/18/2020 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 02/18/2020 0.00M
Measured & Indicated: 0.54M 0.54M 02/18/2020 0.00M
Inferred: 0.11M 0.11M 02/18/2020 0.00M
Reserves & Resources: 0.65M 0.65M never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 02/18/2020 $0.00
Extra Operating Cost: n/a n/a 02/18/2020 $0.00
Average Grade: 2.50 g/t 2.50 g/t 02/18/2020 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 02/18/2020 0.00%
F
U
T
U
R
E		 Proven & Probable: 1.50M 1.50M 02/18/2020 0.00M
Annual Production: 75,000oz. 75,000oz. 02/18/2020 0oz.
Cash Cost: $650 $650 02/18/2020 $0
Extra Operating Cost: $400 $400 02/18/2020 $0
SILVER 02/18/2020
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 02/18/2020 0.00M
Measured & Indicated: n/a n/a 02/18/2020 0.00M
Inferred: n/a n/a 02/18/2020 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 02/18/2020 0.00M
Measured & Indicated: n/a n/a 02/18/2020 0.00M
Inferred: n/a n/a 02/18/2020 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 02/18/2020 $0.00
Extra Operating Cost: n/a n/a 02/18/2020 $0.00
Average Grade: n/a n/a 02/18/2020 n/a
Recovery Rate: n/a n/a 02/18/2020 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 02/18/2020 0.00M
Annual Production: n/a n/a 02/18/2020 n/a
Cash Cost: n/a n/a 02/18/2020 n/a
Extra Operating Cost: n/a n/a 02/18/2020 n/a

Property

Last Analysis Data  (02/18/2020)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development 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 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		 02/18/2020
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		 02/18/2020
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 4.95M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.54M 0.54M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 3.56M
Maximum Profit (Gold): $208.16M $285.65M n/a $77.49M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $208.16M $285.65M n/a $77.49M
Max Profit / Current MCap: 3.791 3.183 n/a -0.608
Max Profit Per Share (Gold): $0.89 $1.22 n/a $0.33
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $0.89 $1.22 n/a $0.33
Total Free Profit Per Share: $0.58 $0.70 n/a $0.12
FD Mkt. Cap / Gold Eq.: $101.69 $166.22 n/a $64.53
FD Mkt. Cap / Silver Eq.: $1.15 $1.75 n/a $0.60
FD Mkt. Cap / Per Metal
as % Spot Price:		 6.35% 9.21% n/a 2.85%

Reserves &
Resources		 02/18/2020
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 6.59M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.65M 0.65M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 4.30M
Maximum Profit (Gold): $251.53M $345.17M n/a $93.63M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $251.53M $345.17M n/a $93.63M
Max Profit / Current MCap: 4.581 3.846 n/a -0.735
Max Profit Per Share (Gold): $1.07 $1.47 n/a $0.40
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.07 $1.47 n/a $0.40
Total Free Profit Per Share: $0.76 $0.95 n/a $0.19
FD Mkt. Cap / Gold Eq.: $84.15 $137.56 n/a $53.40
FD Mkt. Cap / Silver Eq.: $0.95 $1.45 n/a $0.50
FD Mkt. Cap / Per Metal
as % Spot Price:		 5.26% 7.62% n/a 2.36%

Future Valuation (Cash Flow & Totals)

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