RE:64 million Q (REAL POST, last was a mistake)I think your numbers are too high. The Sandstorm deal was 40 million for aprox. 20% of Entrees net profit if you do the calculation.(for Heruga it could be higher i guess) So that would value the project at 200mio or 68 million for a 34% stake .(if you are accurate than it should be less because Sandstorm has less risk with a streaming deal than we have, but since this will be a world class mine with very low production cost i will leave it at that).
But do you really think the Mongolians will pay a fair price of 68 mio? Never ever going to happen. Maybe we will get something between 10 and 25 million. Hope i am wrong...
And don´t forget Etg will have to pay Sandstorm 13,6 mio in that case.