Entree Resources Ltd T.ETG

Alternate Symbol(s): ERLFF

Metals & Mining Industrial Metals & Minerals

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.

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Entree Resources Ltd > Mongolians dependence on OT

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Comment by Countrygenton Apr 28, 2024 12:37pm

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Post# 36011605

RE:RE:RE:RE:RE:RE:RE:Mongolians dependence on OT

Pentwater must make some disclosure of its portfolio holdings, but not cash positions. In terms of materiality they have somewhere between $9 and $20 billion in market capitalization - so, the swing amount on the TRQ disposition is not particularly significant to them.

Who knows, maybe Rio just settled on a number with them already.

As for ETG, there is no saying when Rio might decide buying out ETG either directly or though OTLLC is a smart move. The old saying is, for the right price anything will sell. Our problem is most likely our view of the right price and Rio's don't overlap! Yet.

cg

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