Confused With Numbers ... Also is Entree Gold a Bu There is a lot of info. floating around on these boards on the Entree Deal that I don't think are accurate. I read someone said we shouldnt expect cash flow from this deal until 2022? How is that true when:
- The Entree gold presentation says that Hugo North Extension development production is scheduled as early as 2015.
- I also have an estimated first production from Ann Mason as early as 2017-18 with the feasibility taking place in 2016.
FYI - Entr (EGI) -NYSE MKT
I have bought shares of companies after SAND completes a streaming deal (XPL, Magellan) and may do again...
They have a current market cap of $70 million. After this deal, their cash balance with over $50 million. Do you own DD when investing...
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Quote from CEO:
"This financing package lays a solid foundation upon which Entrée can further advance its core properties. The nature of this transaction minimizes shareholder dilution while allowing the Company to monetize a portion of its assets. The upfront cash consideration from the funding and royalty agreements totaling US$45 million, in exchange for a relatively small portion of our future cash flows, provides an independent third party valuation of our current deposits. Entrée is now in a strong financial position from which it can meet its ongoing commitments in Mongolia and continue to advance the Ann Mason Project in Nevada.
We welcome Sandstorm as an investor through this production based financing and as a shareholder through the equity private placement. In light of the difficult capital markets environment, a financing package such as this is an effective solution to providing operating capital sufficient for the next two to three years.""