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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

Bullboard Posts
Post by Countrygenton Oct 09, 2009 11:40am
555 Views
Post# 16377130

Last Provisions in IA

Last Provisions in IA
Just what were "Five State Secret" provisions?

One or two may have had to do with China limits.

The others - one thing I would have wanted if I was IVN and RioT sitting on a proximate potential blockbuster deposit (including ETG through their ROFR) would be NOT to go through this painful negotiation exercise again.  A promise of "no worse terms" or "same terms" might come to mind, or "These licences shall be considered part of OT".

It is all good but not knowing is a distressing situation to be in.  At least we'll get the bone of the updated mine plan thrown our way soon.  But I don't think the OT corridor alone gives us our 200 years ... maybe it does, maybe it doesn't.

CG
Bullboard Posts