Entree Resources Ltd ERLFF

Edison Evaluation in 2018

[Rock9011]

Edison used $1250 us gold price and $3.01 us copper price in 2018

Today gold is at $2360 us and copper is at $4.31 us

That is a gold increase of 88% and a copper increase of 43%.

Edison valued etg at $3.18 us  ($4.46 C) in 2018

With todays metals prices and using Edisons engineering estimates ETG could be worth about 55% more today than in 2018.
Estimate of $4.93US and $6.79 C.

It is likely copper (according to Goldman S) is going to at least $6.00 this year. 

This would put etg value well north of $5.00 us.

Folks clearly don't realize the value in OT. 

Rock

[Countrygent]

Don't forget the "time to cashflow" discount to Net Present Value from 2018 has been reduced significantly by elapse of six years of compounding discount interest, and the rates used in the mining business are several points above prevailing long term rates.  Another significant valuation bump.  It has been strange to me that the ETG Corporate Presentations updated over the

[Rock9011]

HCU folks own more shares that etg managment (and thats a good thing). One can be assured HCU will use the current metal prices to determine fair value versus the x- RIO folks at etg using the old discounted prices. Lesson is never trust an x rt plant errr I mean employee. Think about it this way ETG managment and staff have  soft low profile jobs and the longer etg lasts the more easy money

[Countrygent]

Not sure I would go so far as to say the ETG Board and management wouldn't pump for fair value in all the right ways, and the long convenient to them slack billet may have more to do with Rio Tinto corporate culture deferring ETG issues than anything else.  If Rio has been brushing us off all these years what were they to do without poisoning the well?  Look where Pentwater ended up.

[Rock9011]

Fair enough.  I hope your thoughts are correct re etg managment. I guess we will see. If I was a betting man I's say the 1st part of arb is complete and a board decision is pending.  Guess we will see.  Rock