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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 24, 2024 7:35pm
202 Views
Post# 36006158

RE:RE:RE:Mongolians dependence on OT

RE:RE:RE:Mongolians dependence on OTI wondered about waiting for the TRQ buyout to be truly over and put to bed as well, certainly the optics of ... Lift 2 expanding, or accelerated schedule for Lift 2, Heruga ... or expanding the mill capacity ... or paying a substantial premium to ETG may not look good when valuing TRQ shares, but I believe the valuation strictly speaking is fixed in time as of the time of the purchase.  So even later rises in the price of copper proving a higher long term copper price might not necessarily oust lower estimates and assumptions that were reasonable at that earlier date.

But agreed, it might suit Rio Tinto to put some distance and time between the two transactions, if there are to be two transactions.  The whole buyout scenario is very much a creature of our discussions, not coming from either ETG management or Rio Tinto? 
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