Entree Resources Ltd ERLFF

Primary Symbol: T.ETG

Metals & Mining Industrial Metals & Minerals

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

Entree Resources Ltd > Rio 1st Q production numbers for Mongolia

<< Previous

Bullboard Posts

Next >>

Comment by mrpancakeon Apr 17, 2024 8:57am

239 Views

Post# 35993370

RE:Rio 1st Q production numbers for Mongolia

in ramp up at O.T. 500,000 tonnes copper = 1.1B lbs a year 2028 to 2036

Guidance for 2024 copper C1 unit costs is unchanged at 140 to 160 US cents/lb.
Using that cost, about $2 -$3 Billlion U.S "profit" just for the copper (If I read correctly not including gold silver if I read this correctly)

The math is interesting not sure if it includes its 80% cut of Entree/O.T. Joint Ventrue

Maybe buyRio shares at some point soon $$$$$$$$

<< Previous

Bullboard Posts

Next >>

BMO evolves InvestorLine with enhanced tools for options trading