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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 Rock9011on Sep 26, 2024 2:46pm
182 Views
Post# 36242759

RE:RE:RE:Buy HCU at 25% discount to ETG

RE:RE:RE:Buy HCU at 25% discount to ETG

My thoughts, 
ETG is a preferable buy vs HCU because if HCU sells their shares in ETG they must first payoff their loan to SSL. The remainder will be put in a new venture.  Their stock price may appreciate somewhat but how much would be determined on how much they would get for their shares of ETG.  One would still own shares in HCU that would have just sold what I believe would be their most valuable asset.

If you own ETG and it happens to get taken out, it is most likely taken out with cash. Cash is taxable but cash is King.  

Hod Moden has a few issues.  Turkye is located next to a powder keg.  Not sure where they sit with the recent dike  failure. 

Hence why ETG trades at a premium to HCU.specific to the value of their holdings.  

One man's opinion but enough reason for me to favour ETG over HCU. 

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