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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 Countrygenton Oct 30, 2024 10:51am
169 Views
Post# 36288686

RE:RE:RE:Umm... Translation of recent corp update??

RE:RE:RE:Umm... Translation of recent corp update??

Well, in fairness we seem to have a confirmation of that comment made by Rio Tinto last year that they had most of a deal worked out.   What is not clear is whether it is the Mongolians or ETG ahareholders who are being warned that if whatever deal it is comes forward for approval, if it isn't approved then thenJV development will be stalled.  That seems to be a shot across HCU's bow as well on their "we will wait for cashflow".   And you might well observe that since Rio and Mongolia have far more interest in the JV development spinning cashflow ASAP, how can that be much of a threat?  Although we saw the Mongolians saying as recently as 2021 they would shut it all down if the deal didn't go their way.  And they got their debt foreguveness, and it appears, the 34% of ETG they hasn't yet tied-up.  

Seems like we might be pretty close to a final chapter though?

cg

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