New Gold Mine in Mongolia | Erdene Resource Development CEO Interview

❗ERDENE RESOURCE DEVELOPMENT HAS NOT PAID FOR THIS INTERVIEW. By consuming this content, you acknowledge that Resource Talks and/or its affiliates and/or their personnel may have a conflict of interest as they may own, have owned, or will own interests in and/or may have a business relationship with some or all companies/entities mentioned/featured in this publication.The information provided herein is general & impersonal in nature and meant for entertainment purposes only. Viewers, listeners, and readers acknowledge and agree that the information presented herein does not constitute a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. Resource Talks and all parties involved in the management of the business strictly disclaim any and all liability for losses and/or damages, whether direct, indirect, special, or consequential, or other consequences, howsoever caused, arising out of any use or reproduction of the content published by Resource Talks, or any decision made or action taken in reliance upon it.By consuming this content, all consumers vow to release Resource Talks and all parties involved in the management of the business from all claims, proceedings, or consequences.Nobody involved in the production of this publication is a licensed investment advisor.No recommendations are being made to buy or sell any securities in this video.The mining and exploration space is highly likely to lose you money. Failure is the norm and should be the expectation. Don’t risk what you can’t afford to lose. If you don't understand it, don't do it. The minimum risk on anything mentioned in this publication is 100% loss of capital.Read official company filings on www.SedarPlus.ca.Timestamps:00:00:00 Chapters00:00:09 Important Warning00:01:33 Erdene Resource Development Overview00:08:11 Why would I look at Erdene now?00:10:13 Is this the right CEO for Erdene? 00:13:42 Did the CEO have real skin in the game?00:15:40 Will the board of directors change?00:17:50 Does the CEO visit the projects?00:18:47 Will Peter remain the CEO? 00:19:22 Do insiders own a royalty on the projects? 00:19:48 How are insiders incentivized? 00:22:09 What's the real business plan behind Erdene? 00:24:40 What are the immediate next steps for Erdene? 00:30:29 When will they work on the new targets?00:32:52 How much money do they need for Phase 1 of drilling? 00:33:43 How much money do they have now? 00:34:40 When will they have to raise capital again? 00:35:07 What's the debt repayment plan?00:37:20 When will they issue a dividend?00:38:13 Was the MMC deal actually good?00:40:55 How do they manage potential conflicts of interest? 00:42:40 What are the main risks for Erdene Resource Development? 00:44:58 Is the strip ratio an issue? 00:47:39 Are there other exploration companies in the region? 00:49:15 Why hasn't this ground been explored before? 00:51:26 How are their community relationships? 00:55:53 What's the water situation? 00:58:03 Is there enough skilled labour in Mongolia? 01:03:28 Is there nationalization risk in Mongolia? 01:08:04 Is there windfall taxes risk? 01:10:12 When's the next election in Mongolia? 01:11:30 How is corruption in Mongolia? 01:12:23 How safe is Mongolia? 01:12:54 How much influence does China have? 01:16:00 Who can Erdene sell its gold to? 01:18:27 Can they sell their gold at spot? 01:18:55 Do they have a hedging strategy? 01:20:20 How much are they budgeting for G&A? 01:21:26 Will they increase their marketing spend? 01:24:07 When will they publish a PEA on the moly project? 01:25:00 What's a realistic AISC for the gold mine? 01:26:26 What's the most fair criticism of Erdene? 01:28:18 Very Important WarningThis is an Erdene Resource Development interview with CEO Peter Akerley.