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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$173.33M which is a rise of roughly 98% over the last ten months. As of 02/10/2024 they have no debt and ~C$3.56M cash. They have 345M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.
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General Details
Financial
02/10/2024 Last Analysis Data
Current Data
Item
Value
Value
Updated
MCap (FD):
$87.47M
$173.33M
02/10/2024
Total Assets:
$12.63M
$12.11M
02/10/2024
Total Liabilities:
$3.72M
$3.56M
02/10/2024
Current Assets:
$3.72M
$3.56M
02/10/2024
Current Liabilities:
$0.35M
$0.33M
02/10/2024
Total Debt:
$0.00M
$0.00M
02/10/2024
Cash:
$3.72M
$3.56M
02/10/2024
Enterprise Value:
$83.75M
$169.77M
05/19/1975
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:
02/10/2024
Misc
02/10/2024 Last Analysis Data
Current Data
Item
Value
Value
Updated
Shares Outstanding:
344,888,176
344,888,176
02/10/2024
Shares (FD):
399,000,000
399,000,000
02/10/2024
Insider Ownership:
n/a
n/a
never
Dividend (Annual):
n/a
n/a
never
Company Type:
Mostly Gold
Mostly Gold
never
Production ETA:
n/a
02/01/2023
02/10/2024
Production (Gold Eq Oz.):
(guess) 0
(guess) 0
02/10/2024
Production (Silver Eq Oz.) :
(guess) 0
(guess) 0
02/10/2024
Initial CapEx (Outstanding):
$59.00M67.45% of MCap
$59.00M34.04% of MCap
02/10/2024
Funding Option:
n/a
(guess) Debt Financing
02/10/2024
Documentation:
none
none
02/10/2024
Future MCap Modifier:
0.2Developer: Near-term Producer
0.2Developer: Near-term Producer
02/10/2024
Cash Flow Multiplier:
7
7
02/10/2024
Resource Data
GOLD
02/10/2024 Last Analysis Data
Current Data
Item
Value
Value
Updated
O U N C E S
T O T A L
Proven & Probable:
0.25M
0.25M
02/10/2024
Measured & Indicated:
0.30M
0.30M
02/10/2024
Inferred:
0.10M
0.10M
02/10/2024
Reserves & Resources:
0.40M
0.40M
never
P L A U S I B L E
Proven & Probable:
0.20M
0.20M
02/10/2024
Measured & Indicated:
0.23M
0.23M
02/10/2024
Inferred:
0.04M
0.04M
02/10/2024
Reserves & Resources:
0.27M
0.27M
never
C U R R E N T
Annual Production:
n/a
n/a
Cash Cost:
n/a
n/a
02/10/2024
Extra Operating Cost:
n/a
n/a
02/10/2024
Total:
$1,500
$1,500
02/10/2024
Margin (Free Cash Flow):
n/a
G R A D E
Underground (Avg):
2.00 g/t
n/a
02/10/2024
Open Pit (Avg):
n/a
2.00 g/t
02/10/2024
Recovery Rate:
(CG) 80.00%
(CG) 80.00%
02/10/2024
F U T U R E
Proven & Probable:
0.50M
0.50M
02/10/2024
Annual Production:
40,000oz.
40,000oz.
02/10/2024
Cash Cost:
$1,000
$1,000
02/10/2024
Extra Operating Cost:
$500
$500
02/10/2024
SILVER
02/10/2024 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
02/10/2024
Measured & Indicated:
n/a
n/a
02/10/2024
Inferred:
n/a
n/a
02/10/2024
Reserves & Resources:
n/a
n/a
never
P L A U S I B L E
Proven & Probable:
n/a
n/a
02/10/2024
Measured & Indicated:
n/a
n/a
02/10/2024
Inferred:
n/a
n/a
02/10/2024
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
02/10/2024
Extra Operating Cost:
n/a
n/a
02/10/2024
Total:
n/a
n/a
02/10/2024
Margin (Free Cash Flow):
n/a
G R A D E
Underground (Avg):
n/a
n/a
02/10/2024
Open Pit (Avg):
n/a
n/a
02/10/2024
Recovery Rate:
n/a
n/a
02/10/2024
F U T U R E
Proven & Probable:
n/a
n/a
02/10/2024
Annual Production:
n/a
n/a
02/10/2024
Cash Cost:
n/a
n/a
02/10/2024
Extra Operating Cost:
n/a
n/a
02/10/2024
Property
Last Analysis Data (02/10/2024)
Stage
Location
Name
Owned
Size (Ha)
Type
Au
Ag
Cu
Notes
Development
Mongolia , Mongolia
Altan Nar
50%
n/a
Open Pit
show
500,000 oz at 2 gpt
PEA in 2019
2nd mine.
Exploration
Mongolia , Mongolia
Khundii (Bayan and Dark Horse)
50%
750
Open Pit
show
500,000 oz at 3 gpt
PFS in 2019
50,000 oz annual production
$1000 all-in costs
$40 million
production in 2024
Exploration
Mongolia
Ulaan
50%
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.
Total Land Package Size (ha):
750
Current Data
Stage
Location
Name
Owned
Size (Ha)
Type
Au
Ag
Cu
Notes
Development
Mongolia , Mongolia
Altan Nar
50%
n/a
Open Pit
show
500,000 oz at 2 gpt
PEA in 2019
2nd mine.
Exploration
Mongolia , Mongolia
Khundii (Bayan and Dark Horse)
50%
750
Open Pit
show
500,000 oz at 3 gpt
PFS in 2019
50,000 oz annual production
$1000 all-in costs
$40 million
production in 2024
Exploration
Mongolia
Ulaan
50%
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.
Total Land Package Size (ha):
750
Profitability (by resource)
Proven & Probable
02/10/2024 Last Analysis Data
Current Data
Item
Value
Value
Updated
Percentage Gold:
100.00%
100.00%
n/a
Percentage Silver:
n/a
n/a
n/a
Total (Gold Eq. Oz.):
0.25M
0.25M
n/a
Total (Silver Eq. Oz.):
n/a
n/a
n/a
P L A U S I B L E
Gold Eq. Oz.:
0.20M
0.20M
n/a
Silver Eq. Oz.:
n/a
n/a
n/a
Maximum Profit (Gold):
$104.76M
$228.90M
n/a
Maximum Profit (Silver):
n/a
n/a
n/a
Total Maximum Profit:
$104.76M
$228.90M
n/a
Max Profit / Current MCap:
1.198
1.321
n/a
Max Profit Per Share (Gold):
$0.26
$0.57
n/a
Max Profit Per Share (Silver):
n/a
n/a
n/a
Total Max Profit Per Share:
$0.26
$0.57
n/a
Total Free Profit Per Share:
$0.00
$0.00
n/a
FD MCap / Gold Eq.:
$437.35
$866.63
n/a
FD MCap / Silver Eq.:
$4.87
$10.14
n/a
FD MCap / Per Metal as % Spot Price:
21.61%
32.77%
n/a
Measured & Indicated
02/10/2024 Last Analysis Data
Current Data
Item
Value
Value
Updated
Percentage Gold:
100.00%
100.00%
n/a
Percentage Silver:
n/a
n/a
n/a
Total (Gold Eq. Oz.):
0.30M
0.30M
n/a
Total (Silver Eq. Oz.):
n/a
n/a
n/a
P L A U S I B L E
Gold Eq. Oz.:
0.23M
0.23M
n/a
Silver Eq. Oz.:
n/a
n/a
n/a
Maximum Profit (Gold):
$121.52M
$265.52M
n/a
Maximum Profit (Silver):
n/a
n/a
n/a
Total Maximum Profit:
$121.52M
$265.52M
n/a
Max Profit / Current MCap:
1.389
1.532
n/a
Max Profit Per Share (Gold):
$0.30
$0.67
n/a
Max Profit Per Share (Silver):
n/a
n/a
n/a
Total Max Profit Per Share:
$0.30
$0.67
n/a
Total Free Profit Per Share:
$0.01
$0.06
n/a
FD MCap / Gold Eq.:
$377.03
$747.09
n/a
FD MCap / Silver Eq.:
$4.20
$8.74
n/a
FD MCap / Per Metal as % Spot Price:
18.63%
28.25%
n/a
Reserves & Resources
02/10/2024 Last Analysis Data
Current Data
Item
Value
Value
Updated
Percentage Gold:
100.00%
100.00%
n/a
Percentage Silver:
n/a
n/a
n/a
Total (Gold Eq. Oz.):
0.40M
0.40M
n/a
Total (Silver Eq. Oz.):
n/a
n/a
n/a
P L A U S I B L E
Gold Eq. Oz.:
0.27M
0.27M
n/a
Silver Eq. Oz.:
n/a
n/a
n/a
Maximum Profit (Gold):
$142.47M
$311.30M
n/a
Maximum Profit (Silver):
n/a
n/a
n/a
Total Maximum Profit:
$142.47M
$311.30M
n/a
Max Profit / Current MCap:
1.629
1.796
n/a
Max Profit Per Share (Gold):
$0.36
$0.78
n/a
Max Profit Per Share (Silver):
n/a
n/a
n/a
Total Max Profit Per Share:
$0.36
$0.78
n/a
Total Free Profit Per Share:
$0.06
$0.17
n/a
FD MCap / Gold Eq.:
$321.58
$637.23
n/a
FD MCap / Silver Eq.:
$3.58
$7.46
n/a
FD MCap / Per Metal as % Spot Price:
15.89%
24.10%
n/a
Future Valuation (Cash Flow & Totals)
Defaults
Defaults
02/10/2024 Last Analysis Data
Current Data
Item
Value
Value
Updated
Exchange Rates:
CAD 0.7431
CAD 0.7121
12/03/2024
Spot Gold:
$2,023.80
$2,644.50
12/03/2024
Spot Silver:
$22.55
$30.95
12/03/2024
Gold:Silver Ratio:
89.75
85.44
12/03/2024
Spot Gold (Future):
$3,000.00
$4,000.00
Spot Silver (Future):
$100.00
$100.00
Gold:Silver Ratio (Future):
30.00
40.00
Gold Avg. Recovery Rate:
75.00%
75.00%
Silver Avg. Recovery Rate:
75.00%
75.00%
Plausibility of P & P:
100.00%
100.00%
Plausibility of M & I:
80.00%
80.00%
Plausibility of Inferred:
50.00%
50.00%
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