RE:RE:RE:RE:RE:RE:RE:hard to believeSidebet, Rio Tinto just purchased Turquoise Hill for over 3 Billion for TRQ's 66% ownership the Oyu Tolgi's open pit and underground deposits. The Government of Mongolia owns the other 34%. Now does that sound like Rio Tinto is sensing this asset is under political risk of colapse?
In order for Rio Tinto to get it's 66% share of all the rich ground surrounding teh Oyu Tolgi deposits all they have to do is buyout Entree. Then it's the same agreement as the rest of Oyu Tolgi. The good news is Entree's price is on the rise, not near all time low's. The higher the price of copper, gold and Entree's share price goes the higher the buyout offer becomes.
Some other companies may think their deposits are under political risk but not this one. At leasst not now. Not when they are just about to unlock the riches of the undergrouns by obtaining sustained commercial production from the underground. Plus it's so large of a deposit it's going to take another 3 years to ramp up to full production. If their is any political risk it will be when full production is reached. WHich I hope to be cashed out and long gone by then.