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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

Comment by Rock9011on Nov 10, 2024 8:46pm
213 Views
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. 
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