August Corporate PresentationWorth having a close look at the updated August 2024 corporate presentation on the Entree website.
Note a few things:
1. The number of references through illustrations to Lift 2 being "open" to depth (ie Lift 3 ?) and along strike.
2. The references to optionality in development timeline and mill expansion.
3. The highlighting on the Net Present Value modelling to the metals prices being $3.25 CU and $1591 AU.
4. The multiple references to drilling of Lift 2 and Heruga towards restatement of resources.
For years, nothing changed. Now a number of open questions and activity which all may relate to establishing a better handle on valuation of ETG. Consistent with a resolution of ETG's licence transfers, IA treatment, Mongolian 34% ownership demands being resolved in one stroke by Rio Tinto arranging an acquisition by OTLLC. Just spitballing that concept, but if we could agree on a price per share for ETG that allows a buyout, end result: Rio Tinto 66% / Mongolia 34% of one of the most valuable copper mines anywhere. On China's doorstep, low cost of production, perhaps a century or more of production even with a substantial mill output expansion. Rio Tinto is not going to pass by the opportunity to lock it all up, at least that's how I see it.
Timing? Wish I knew. But there seems to be much more activity and movement towards resolution since TRQ was bought out.
cg