Comment by Rock9011on Nov 10, 2024 8:46pm

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Post# 36305998
RE:RE:Rio wants to buy Entree Mongolia leases
RE:RE:Rio wants to buy Entree Mongolia leasesRT hasn't been able to convince Entree because RT is a low baller . Plain and simple. Everything is for sale at the right price.
This is Economics 101..
Granted
The value is debatable because the ore bodies havn't been defined. This mickey mouse process of ending core holes in mineralization is a good example.
If one wants to purchase a property that is not defined then they are going to have to pay a significant premium.
Easy to take a company out (TRQ) when the shares are spread out with no major player in the mix.
Not so easy when a player has 24% of the company.
RT had 18 years to define the deposit but declined to do so.
ETG is likely a buy at 3 times the current market cap.