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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
Comment by holdenonon Oct 21, 2004 4:46pm
297 Views
Post# 8078178

RE: jandd rebuttal

RE: jandd rebuttalOne of you is right. We will just have to wait and see. Your assumptions that the rest of the property is "likely worthless" is a very bold assumption. I would assume that Mr. Crow is very familiar with his company's land holdings. Why didn't he throw the rest into the pot to grab a bit more money and walk away? Experience working in a mine has no or little relevance as there is currently is no mine on the property (at least none that I heard of). What a classic move by Crowe if Copper Flats proves to lead Friedland to the remaining property owned by ETG or to specific aspect of the deal that Friedland has overlooked. Maybe that is why Crow didn't drill copper flats before the deal. Your argument implies that Crowe has another motive or shouldn't have been negotiating at all. If this is the case, you should sell ETG and buy IVN, that way you will get 75% of the take. Your last statement seems to contradict this. Regards, Holdenon
Bullboard Posts