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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 Apr 12, 2024 10:49am
123 Views
Post# 35985622

RE:Too bad this is not producing

RE:Too bad this is not producing Personally, I am more interested in fundamental value than stock trading and price.  My belief is most holders of this stock will never sell their positions into the market, but will be relieved of them by a structured buyout at a much higher price.

Very few people fully understand what ETG holds at OT, the history, complexities of the relationships, and the probable cashflows and resolutions of long outstanding business issues concerning the JV.

Watching gold and copper run to the upside is fullfillment of a prediction we have been talking about fir a number of years.  Our fundamental value and future cashflow is being enhanced, substantially.  The leverage and value being added is significant.

The price should probably float up a moderate amount, but until the JV and tax stability is settled, ETG lacks certainty and presents novel risks that don't permit full valuation by the market and trading.  It's also quite illiquid.  Easy to hold, easy to buy at these prices!   Whoop whoop gold and copper.

cg


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