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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 aldarion8484on Feb 26, 2013 11:47pm
303 Views
Post# 21046766

legal recourse

legal recourse

I believe Entree may have legal recourse -- but against RIO, not the GOM.  I believe that RIO may be liable under the contract between TRQ and Entree over their share % and the inclusion of the mining licenses in the final OTLLC deal (I might be getting the details confused).  As a party RIO is probably jointly and severally liable, meaning that Entree probably has a case in a normal jurisdiction (US).  However, this may not be the case if the contract includes clauses saying that TRQ is not liable for anything caused by the GOM.  

The main point now is that it comes down to Entree's relationship with RIO -- the relationship between ETG and the GOM is now completely finished. 

Bullboard Posts