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 paperpersonon Jul 15, 2005 11:44pm

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Post# 9286464

RE: 34 lb copper equiv. per share

Thanks to Long, Gent, & Wolfin for the info in this string! I especially appreciated Gent's rough calculations, and look forward to more. I do, however, question Gent's conclusion as to what valuation the copper in the ground gives to Entree Gold stock. First, let's set a time frame. When do you think there will be a producing mine on copper flats? I'm going to say 2010, based on my reading of press releases. This would be an important element to toss around in this forum, because of the time value of money. Ie., when does my C$2 become C$25? Gent, you appear to say that, allowing for slippage, you can estimate the stock price when production starts, based on the mined value 15 years from now. Please excuse me in advance if I am misreading that time element. Can you cite any particular mining stock where the future valuation of the ore is reflected in the stock price? I can't. I do like your 90 million shares outstanding assumption. To take your extreme number of $60 a share for Entree, that would make Entree a $5.4 billion company. Your $25 a share figure would make Entree a $2.25 billion company. By the way, just for the record, Entrée is already at a market capitalization of C$200 million (Based on Gent's 90 mm shs fully diluted times C2.25 a share.) Personally, I think either that Rio Tinto and Ivanhoe will carve up Entree between them before another bidder shows up, or that Rio Tinto (Market cap US$33 billion) will buy both Ivanhoe and Entree with RTP stock. The Entree-Ivanhoe-Rio Tinto spread in Mongolia is simply too big a global venture to leave in the hands of Ivanhoe Mines and Robert Friedland. He says it's not for sale, but we know how that goes. It's time for him to cap his career with a $10 billion stock buyout. His stock now has a US$2.4 billion market cap. I'd be glad to give up a couple of dozen C$2 Entree shares

for one Rio Tinto ADR (US$125) right now. I'd still have a play on China buying copper, but I'd get a little extra diversification along with it plus a 2.4 percent cash dividend. Regards Michael in Sarasota, aka paperperson