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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

Post by fruitvale3067on May 03, 2024 6:56pm
313 Views
Post# 36022686

Sandstorm CC

Sandstorm CCJust got done listening to the Sandstorm CC. One commment made that caught my attention was that they were not going to sell any more non-core royalties after this last transaction to Evolve Stratagic Element Royalties. However they mentioned they will sell equity positions in other mining companies they have to help pay down that debt. Granted it's Horizon that now controls the Entree shares but Entree still owes Sandstorm that 100 million IOU. Sandstorm also said they are now back in the market to purchasing new streams. Plus they are now going to buy back shares. This is a big shift from just 3 months ago. Granted the POG has helped, but I just can't help to think maybe the buyout of Entree is close at hand and Sandstorm could put a large dent in their remaining debt. 
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