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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

Comment by Countrygenton Feb 12, 2021 11:54am
120 Views
Post# 32552798

RE:Could copper see 25 $ per pound ??? ABSOLUTELY

RE:Could copper see 25 $ per pound ??? ABSOLUTELYWell, the consensus is if the USD continues a likely trend to weaken, supported by the FED looking to assist exports and domestic manufacturing, then commodity prices in general, copper included will rise.

On supply, demand and price limits, however I am of a different opinion.  Copper is an industrial product, if it’s price rises to stringlynit will dampen demand and lead to substitution or avoidance.  There will be greater recycling recoveries, marginal mines will reopen or expand production of lower grade deposits made economic by higher CU prices.

i don’t know what the ne equilibrium pricing might be, it can definitely be higher, but precious metal?  Nobody has solid gold sinks and kitchen pots, plumbing, vacuum cleaner motors, and nobody could afford them.  The theft of public wiring alone would be staggering.

Already in the US catalytic converter size are being stolen from under cars as the contained value of platinum and palladium has soared.  It may even Ben one of the driver side for gasser manufacturers like GM to abandon future gas engine sales as they fear rare metals will price out the market.  Can’t see that with copper which has substantial supply in lower grades for many decades to come.

But I like copper a lot.  High grade mines will be extremely profitable if the current trends toward sales greater electric energy uses continue.

cg
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