Entree Resources Ltd T.ETG

Alternate Symbol(s): ERLFF

Metals & Mining Copper

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 scissors14on Nov 18, 2004 11:39pm

219 Views

Post# 8198998

RE: Stability Agreement Will Open The Flood Gates

Others will be able to offer a more detailed explanation but as far as I know it is the long term agreement with the Mongolian government that establishes the rules in regards to taxes, infrastructure, ownership/royalties, who pays for what, etc. Takes out the guesswork in regards to the economics and politics surrounding the project so planning can move forward on a stable footing and investors/analysts can ballpark returns over the long haul.

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