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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 aldarion8484on May 08, 2024 6:31pm
230 Views
Post# 36029923

RE:RE:Entree and Erdenes negoitation

RE:RE:Entree and Erdenes negoitationThat is not quite right.  Through OTLLC Mongolia owns 1/3 of 80%.  Mongolia does want the extra 6-7%.  The issue is that Entree would have to be compensated for it.  Remember Mongolia was left off the hook for most of the payment to RIO for their 80 share because of the long delay (geotechnical issues, management fee issues, etc.) that the Mongolias argued they should not take any hit for. 

That is not the case with Entree which had nothing to do with the delay, management fee disputes and so on. 

One of the main reasons that a buyout appears to be a good possibility is that if Entree is to both transfer licenses and give up their 1/3 share, the compensation they should demand would be such as to make buying them out entirely a much more time and ultimately cost efficient way to deal with them.  There is always a possibility of copper going parabolic given the future supply gap.

 
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