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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 Skip57on Apr 28, 2024 4:45pm
199 Views
Post# 36011770

RE:RE:RE:RE:RE:RE:RE:RE:Mongolians dependence on OT

RE:RE:RE:RE:RE:RE:RE:RE:Mongolians dependence on OTRecall that approximately 35 million TRQ shares were dissented, Pentwater holding the bulk of these.  Dissenters were paid out 80% of the $43 buyout price.  The remaining 20% is accumulating interest at 4.4% pa which amount to $1 million a month, roughly $17 million to date. For every $30 increase in the final arbitration above $34.40, RIO is on the hook for $1 billion which imo is significant to Pentwater. An arbitration of $90+ is reasonable if you revisit TD's "fair value" opinion and plug in real numbers for the copper long term price, an economic adjustment factor of 1.1 (0.7 is ridiculous), and an 8% discount rate (not 10%).
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