Entree Resources Ltd T.ETG

Alternate Symbol(s): ERLFF

Metals & Mining Industrial Metals & Minerals

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.

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Entree Resources Ltd

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Comment by yepppon Feb 02, 2004 11:21am

388 Views

Post# 6988679

RE: Why The Dump?

It's more than that... The NPV @ a 7.5% discount rate is only around $1.3 billion USD as compared to a $2.6 billion CAD market cap (as of Friday). At an exchange rate of $0.7503 that put the Friday market cap at about $1.96 billion USD. 1.96 - 1.3 = $0.63 billion USD premium, that Ivanhoe enjoys over the NPV in the scoping report. Then, consider the super high $400 per ounce POG used in the NPV calculation and you have a big, big problem.

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