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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 Mar 04, 2013 12:20pm
280 Views
Post# 21074194

here it is

here it is

Although I can't say my track record has been stellar, I do believe that we have reached the mother of all buying opportunities with the recent weak commodity news pushing shares under .40.  I no doubt have fallen for the old investment trap of falling in love with a stock, but I do believe that this one will have a stellar trajectory: starting in earnest after the Mongolian presidential election and following up with new drilling results.  With time, after OT goes on line, the NPV of the future cash flows from HNE will increase, adding more momentum, and then finally, one day . . . production. 

Another prediction: The GOM will buy 1/3 of Entree's share in the JV AND in Shivee for around 70 million.  A steal for the GOM no doubt, but under the circumstances, if thats the last of the trouble from the GOM, and the project moves more smoothly thereafter, that would be ok.  Unfortunately, its the last part (no more trouble) that can be counted on least.  However, the cash from commercial production is around the corner, which will hopefully calm everyones nerves.

My feelings regarding the GOM position have changed somewhat with the less abrasive rhetoric that has emerged recently from some quarters.  Maybe the not-so-crazies are talking down the crazies within the power elite in Mongolia.  One cause is that the Mongolian suppliers in the business council are starting to freak out and pressure the government.  Lots of jobs on the line.

 

Bullboard Posts