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 pfaffgauon Mar 06, 2005 3:31am

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Post# 8702853

RE: pfafgau...

The warrants expire on Feb 15,2006. They are convertible into he stock at $10.65 Can. Therefore They are presently trading with a premium of $1.60 since the stock is at exactly $1.65. If the stock gets to $14.00 then the warrants would rise to $3.35 plus some small premium for the time left to expiry. The leverage in the warrants, if the stock rises from here, is larger percentage-wise than the stock. However, if the stock was to stall or go down from the present price, the time value of $1.60 would start to erode. The percentages are therefore large in either direction. This is the risk/reward of warrants.

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