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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 Oct 22, 2021 11:37am
162 Views
Post# 34037614

RE:RE:Updated Technical Report Filed

RE:RE:Updated Technical Report Filed

 

You and me both, compadre.   I think it is worth remembering that the two commodities that drive All the value are a mix of copper, key component of a global political goal of remaking the entire industrial and consumer power consumption methodology to clean and renewable using electricity as the substitute for fossil fuels, AND, the best financial insurance available in a time of opaque and suspicious FED US dollar synthetic paper assets starting with the dollar and running up through all the US Treasury obligations, and crypto.  As for crypto, my spidey senses tell me it has been a fantastic Ponzi scheme where buy-side demand can be pumped to infinity ... that is, until people realize there is nothing underneath the ridiculous valuations of silicon nothingburgers.  Not to say the early in haven't made immense fortunes - so did Bernie Madoff's early clients.

We have the value in the ground, we have a pathetic market valuation, we have the two most likely ultimate buyer/owners continuing a decades-long wrestling match over ownership of the end result, and like you say, at least one opportunist ho agrees with us and is sweeping up all crumbs available.

The need to tidy up ownership, clear out ETG and the TRQ minority is so blinkingly obvious to me, maybe I have become confused and deluded over time and lost my perspective, but I don't think so.

Sticking with the Jesse Livermore mantra ... be right, sit tight.  Go big or go home.  

And I'm in the same boat ... will it be weenies and beans, or steak and lobster in the golden years?  On the one hand greed and the desire for financial cushions says the answ3 is obvious, on the other, we'll get by regardless and it's all a big adventure.  Anything beats boring and this sure isn't boring even if it moves forward at a glacial pace at times.

cg

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