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Entree Resources Ltd T.ETG

Alternate Symbol(s):  ERLFF

Entree Resources Ltd. is a Canadian mining company. The Company is focused on the development and exploration of mineral property interests. The Company is principally focused on its Entree/Oyu Tolgoi JV Property in Mongolia. The Entree/Oyu Tolgoi joint venture property includes Lift 1 and Lift 2 of the Hugo North Extension copper-gold deposit, the Heruga copper-gold-molybdenum deposit, and a large underexplored, highly prospective land package. The Oyu Tolgoi project comprises two separate land holdings: the Entree/Oyu Tolgoi JV Property, which is a partnership between Entree and OTLLC, and the Oyu Tolgoi mining license, which is held by OTLLC. The Entree/Oyu Tolgoi JV Property comprises the eastern portion of the Shivee Tolgoi mining license and all the Javhlant mining license. The Company has a 56.53% interest in the Blue Rose Joint Venture. The Company has an interest in acquiring a 0.5% net smelter return royalty on the Canariaco copper project in Northern Peru.


TSX:ETG - Post by User

Comment by Countrygenton Aug 04, 2023 7:55pm
182 Views
Post# 35574402

RE:RE:Waiting Game

RE:RE:Waiting GameUnk, you are a loyal shareholder through all of our ups and downs, like many.  It's interesting to me the number of veteran plungers in mining stocks who have built up positions and are not trading ETG, all of us pretty strong on the opinion we aren't seeing fair value in the stock trading price.

As for dead money, I don't know, we do have a leveraged play here against copper and gold (if you believe they are due to reprice up), and as has been discussed, at this stage for ETG the valuation goes up straight line now to "some extent" because time to cashflow is now a significant financial discount being eroded day by day.  Even more important to me is my speculative opinion that HNE Lift 2 is due to be revealed as larger and more valuable to ETG.  Then the fantasy scenario - another deposit emerges out of all the prospective JV and 100% ground.  One valuable shallow gold deposit and ETG's value could rocket on top of the "we got the goods" HNE Lifts 1 and 2 and the optionality of Heruga advanced into early development.

The dream remains alive!

As for timing ... ugh, Mongolia!  But very interesting to see their PM in Washington selling their virtues as a metals supplier to build the "third neighbour" political strength.  To do that they have to show that foreign speculators in Mongolia are well rewarded when successful ... hello!  How about a poster-child "win" for ETG to encourage new people into the country and mining exploration?

Good luck everybody.

cg


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