Report

Entree Resources - De-risked cash flows from a world-class mine

Entrée Resources has a 20% participating interest in a JV (EJV) covering part of the Oyu Tolgoi (OT) copper mine in Mongolia. The EJV has the characteristics of a royalty with the benefits of a producer, resulting in low financial risk, low capital development risk and low operational risk. The development of Hugo North Extension (HNE) Lift 1 is fully funded by Entrée’s JV partner and all development and operations are managed by Rio Tinto. We consider that future development of the deeper parts of HNE (also known as HNE Lift 2) and Heruga should follow the same path as HNE Lift 1, providing Entrée shareholders with materially de-risked cash flows for, potentially, several decades.
Underlying
Entree Gold

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Tom Hayes

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