Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Entree Resources Ltd ERLFF


Primary Symbol: T.ETG

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 lumpy13on Jun 10, 2024 3:50pm
257 Views
Post# 36081533

If you like ETG, HCU is an even better deal

If you like ETG, HCU is an even better deal

I have posted similar messages before, but the attractiveness of the proposed buy is very good.

HCU's market cap is almost 20% discount to the value of its 25% holding in ETG.  Sooner than latter arbitration should be decided and a buyout of ETG by RT/OTLLC which would be easiest for all parties.  This could be a substantial increase to the current market value.  Buy HCU (altho it is very thinly traded) and get ETG at almost 20% discount.  


In addition, HCU holds a 30% interest in Hod Maden and a NPI in Antaminas.  They have sold gold or silver streams to SAND on the two projects.  Antaminas is operational and generating cash for HCU.  Hod Maden is a few years away, but will be tremendously profitable.  (The majority partner, SRRM had a tailings dam collapse in another project in Turkay and Hod Maden is being further delayed.)


I've been in HCU a couple of years and have built a position in ETG.  Would love to do more, but tapped out.  I expect a major jump when ETG is (likely) sold, with a strong groundwork for the future stock appreciation (Antaminas, Hod Maden.)

For new investors, this could be a tremendous return.  Take a bite, sit back and wait (and probAbly not too long), before seeing nice appreciation.  There are risks, but I see limited downside.

<< Previous
Bullboard Posts
Next >>