Entree Resources Ltd T.ETG

Ivanhoe Resource Estimate for OTLLC in March 2008

[Rock9011]

Includes breakdown of Entree's Reserves at the time

Looks like 50 billion lbs of copper equivalent.
Numbers are to big for me to comprehend. 
Entree's reserves at the time are detailed below the table. 
I'm sure they have changes numerous times since these numbers were published. 

Table 2: Total Oyu Tolgoi Project Resources March 2008(1)(2) (based on a 0.60% copper equivalent cut-off)(3)

Resource Category	Tonnes	Cu (%)	Au (g/t)	Mo (ppm)	CuEq(4) (%)	Contained Metal(5)
						Cu (‘000 lbs)	Au (ounces)	CuEq(4) (‘000 lbs)
Measured	101,590,000	0.64	1.10	-	1.34	1,430,000	3,590,000	3,000,000
Indicated	1,285,840,000	1.38	0.42	-	1.65	39,120,000	17,360,000	46,770,000
Measured + Indicated	1,387,430,000	1.33	0.47	-	1.63	40,680,000	20,970,000	49,860,000
Inferred	2,157,130,000	0.80	0.35	50	1.05	38,230,000	24,220,000	50,050,000

Notes:

1. (1)  Mineral resources are not mineral reserves until they have demonstrated economic viability based on a feasibility study or pre-feasibility study. Mineral resources are reported inclusive of mineral reserves.

2. (2)  This table includes estimated resources on Entre Gold’s Hugo North Extension Deposit and the Heruga deposit. These Properties are owned By Entre Gold but are subject to earn-in rights by IVN. The estimate includes indicated resources of 117,000,000 tonnes grading 1.8% copper and 0.61 g/t gold and inferred resources of 855,500,000 tonnes grading 0.53% copper and 0.52 g/t gold and a 142ppm Molybdenum at a 0.6% cut-off grade on the combined Hugo North Extension and Heruga Deposits.

3. (3)  The 0.6% CuEq cut-off has been used to enable comparison with previous disclosures.

4. (4)  CuEq has been calculated using assumed metal prices ($1.35/lb. for copper and $650/oz for gold and $10/lb for molybdenum); %CuEq. = CU+((AU*18.98)+(MO*0.01586))/29.76. Mo grades outside of

   Heruga are assumed to be zero for CuEq calculations

5. (5)  The contained gold and copper represent estimated contained metal in the ground and have not been

   adjusted for the metallurgical recoveries of gold and copper.

6. (6)  Mineral Resources for Heruga were estimated by Ivanhoe and independently verified by Scott Jackson

   of Quantitative Geoscience. Mineral Resources exclusive of Heruga (Southern Oyu and Hugo Dummett) were estimated by AMEC Americas Ltd. under the supervision of Dr. Harry M. Parker, P.Geo. AMEC has consented to be named in this press release.

[Rock9011]

I used IVN's numbers, did some rough calculations and at todays prices ETG  appears to me to be worth significantly more thatn $6 sa share.  Obviously in the ground would be discounted but then again, it does not include any of the surrounding ground.  Go figure  Anybodies guess for reasonable valuation. 

[joe0301]

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