Entree Resources Ltd T.ETG

Gift Horse

[caesar123]

Not to look a gift horse in the mouth here but the move over the last month has been pretty crazy and accompanied by no public news. Very weird situation.

I'm long and stong 40k shares at ~40 cent cost USD. 

I'm somewhat inclined for there not to be a buy out as according to the horizon copper CEO the shares could support a dividend of ~$1 per year for quite a while assuming heruga goes into production. Seems to be very likely even more mineralization will be found on entree ground in the future .

[lumpy13]

Production at Heruga is a long way off.  If offered a nice premium, shareholders should be happy, take it and move on.

[Rock9011]

Referring to Entrees 2021 Technical Report, Heruga (same thing with HNE2) has hardly been drilled.  Heruga is lower grade but Heruga South ore body top starts at 500- 600 m depth (about a third of the depth of HNE2).  Heruga north top is about 1100m in depth.  Heruga south hasnt even been drilled to the depth of Heruga north. and is considered open at depth and to the south. If

[Countrygent]

Good point Rock.  The scope of expansion, partnering, multiple  additional mines ... OT is a sprawling beast. Rio and Mongolia can be expected to play coy about their future plans pending some resolution of ETG's JV status. Check out the price and volume spike midday today - very bullish action.   Amazing run in the past month, but you and I see eye to eye on supressed former

[Rock9011]

The suppression of ETG's stock price has been well played.  THe company operates like a veiled ghost.  There is zero promotion.  I have heard folks blame low trading volumes.  What else can one expect when operations are carried out in what I consider behind a curtain.  Ask your business associates.  Almost no one has even heard of ETG or the fact that they own a

[Countrygent]

Some of us don't attach much meaning to the long undervaluation for ETG.  Yes the reprice has been fast but the volumes are still in the aggregate modest, the hangover from the TRQ beating is fading now, and the inherent revised NPV for ETG should comfortably support this price level plus more, when we get a restatement of resources, a higher reference price model for copper and gold