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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
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$171.43M which is a rise of roughly 96% over the last ten months. As of 02/10/2024 they have no debt and ~C$3.58M 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 $171.43M 02/10/2024
Total Assets: $12.63M $12.17M 02/10/2024
Total Liabilities: $3.72M $3.58M 02/10/2024
Current Assets: $3.72M $3.58M 02/10/2024
Current Liabilities: $0.35M $0.34M 02/10/2024
Total Debt: $0.00M $0.00M 02/10/2024
Cash: $3.72M $3.58M 02/10/2024
Enterprise Value: $83.75M $167.85M 04/27/1975
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): $59.00M
67.45% of MCap		 $59.00M
34.42% of MCap 		02/10/2024
Funding Option: n/a (guess)  Debt Financing 02/10/2024
Documentation: none none 02/10/2024
Future MCap Modifier: 0.2
Developer: Near-term Producer
 0.2
Developer: 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 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		 02/10/2024
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 $233.58M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $104.76M $233.58M n/a
Max Profit / Current MCap: 1.198 1.363 n/a
Max Profit Per Share (Gold): $0.26 $0.59 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $0.26 $0.59 n/a
Total Free Profit Per Share: $0.00 $0.00 n/a
FD MCap / Gold Eq.: $437.35 $857.14 n/a
FD MCap / Silver Eq.: $4.87 $10.01 n/a
FD MCap / Per Metal
as % Spot Price:		 21.61% 32.13% 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 $270.95M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $121.52M $270.95M n/a
Max Profit / Current MCap: 1.389 1.581 n/a
Max Profit Per Share (Gold): $0.30 $0.68 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $0.30 $0.68 n/a
Total Free Profit Per Share: $0.01 $0.08 n/a
FD MCap / Gold Eq.: $377.03 $738.92 n/a
FD MCap / Silver Eq.: $4.20 $8.63 n/a
FD MCap / Per Metal
as % Spot Price:		 18.63% 27.70% 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 $317.67M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $142.47M $317.67M n/a
Max Profit / Current MCap: 1.629 1.853 n/a
Max Profit Per Share (Gold): $0.36 $0.80 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $0.36 $0.80 n/a
Total Free Profit Per Share: $0.06 $0.20 n/a
FD MCap / Gold Eq.: $321.58 $630.25 n/a
FD MCap / Silver Eq.: $3.58 $7.36 n/a
FD MCap / Per Metal
as % Spot Price:		 15.89% 23.62% n/a

Future Valuation (Cash Flow & Totals)

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