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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

Bullboard Posts
Post by RGS1on Sep 16, 2003 11:54am
211 Views
Post# 6421777

news coming

news comingwhy would ETG do a deal with a small BB company? Highly unlikely !!!! If there is a deal pending it would likely be with a major like BHP as I think they originaly owned the property. I see no reason for any connection with MAGR that would or could benefit ETg. I think that the halt is more likely to do with an increased ownership in the property or a deal for funding that would increase the ownership and bring in a large J/V partner with deep pockets, again, not MAGR. It appears that mgmt has been in Mongolia and is back today or tomorrow so I think that we will not see news until then. This mgmt is very good with disclosure so something major has happened and they would not want any speculation on what, until they return and diclose it. I understand that work is ongoing on the property and that we can expect more news along those lines as well. My guess is that the financing we were all speuclating about and appeared to be underway with the cap on the stock, is about to be done at a higher level. I think this, as it appeares that the cap was taken off the stock last week and we now have a halt. I for one doubt that MAGR has any property close to Oyu Tolgoi, but likely somewher else in mongolia. There is no doubt in my mind who owns the property that surrounds Oyu Tolgoi... Entree Gold !!!!!
Bullboard Posts