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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 METACOMETon Jun 26, 2005 7:30pm
177 Views
Post# 9210911

RE: Shaping Up Nicely

RE: Shaping Up Nicely"I am confused as to why many posters believe that RF will renegotiate the JV thus bringing down IVN's 80% of the deep stuff?" My reasoning on this runs like this. The richer part of Hugo seems to be emeging north of IVN property. It will be difficult for IVN to locate a mine (ie finance and develop)on inferior ore bodies if better ones are contiguous. Without deep pockets, IVN cannot develop OT. Just as ETG could not afford to drill its property, IVN cannot afford to mine its. So my speculation is that a deep pocket partner for ETG, I suspected BHP, but RT works, might suggest that if RF wants to see ore get to market, it might be a good idea to arrange more equitable terms in order to make the JV mine attractive enough to a bona fide player to go ahead with the project. The ore is not particularly valuable languishing in the ground for the heirs to monetize. If a renegotiation of the JV terms would make a mine, I think that would make sense to RF.
Bullboard Posts