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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
Comment by Countrygenton Apr 11, 2013 7:36pm
217 Views
Post# 21244373

RE: Teck

RE: Teck

Yup, they will have the right to finance 75% of exploration and then watch as Mongolian politicians designate any substantial find a strategic mineral deposit and insist it be forked over up to 51% to the government - by repayment of the capex exploration costs - forgetting that discoveries require dozens of failed targets to be explored, and 10X or 20X the exploration costs of the "winners". 

Oh well, its a good thing to get more foreign integration and education in Mongolia and Teck is a top-shelf miner.

In the meantime - who is selling down ETG?  Below cash with two advanced exploration projects, a top-tier JV with a buiding out multi-billion mine complex targetted at in part at our high grade resources (eventually when common sense takes over), a massive area play around OT ... wow.

cg

Bullboard Posts