The Chart is a thing of beauty …
Not just a Friday close at a 52 week high, it's a lengthy, decade-plus high, notwithstanding some major share dilution along the way.
The market is waking up to the virtually unknown potential of mini-market-cap ETG ... still only about $180 million USD for 20% of two huge production pipelines at HNE Lifts 1 and 2, with billions more pounds of CU and millions of ounces of gold at Heruga.
But even more promising is the excellent potential for HNE Lift 2 to double in size or more in very high grade ore reserves, plus multiple additional ore body target potential all over the JV ground. A massive land position that completely encompasses what in many other mine development scenarios would be a camp play with several companies drilling for flanking or extension on strike deposits to OT.
Copper prospects good, gold prospects good, with stagflationary pressures ahead. Commodity inflation probable?
Take-out, takeover potential very high here with Rio Tinto and Mongolia wanting to complete their acquisition of a a 2/3 - 1/3 ownership of all of OT through OTLLC.
Up she goes?
This stock has not looked this promising since 2008 regardless of price in the interim.
Do your own DD, it's complicated by unresolved issues between ETG and Mongolia, ETG and Rio Tinto/TRQ.
Good luck,for the long term holders that know the story, you know how the pot has started boiling here, TRQ out of the way, an arbitration over the Earn In and JV Agreements pending, exploration drilling resumed, SSL reorganizing its ETG 25% ownership by slipping their shares into Horizon Copper, which looks a lot like "pre-sale/pre-premium capture" planning.
cg