Entree Resources: A Sleeper Cell In The Oyu Tolgoi Copper-Gold Play [Seeking Alpha]
ENTREE RESOURCES (EGI)
NASDAQ:AMEX Investor Relations:
entreeresourcesltd.com/investors
Company Research
Source: Seeking Alpha
Entree Resources: A Sleeper Cell In The Oyu Tolgoi Copper-Gold Play Summary EGI expects timely development of HNE-Lift 1. The fundamental strength of HNE-1, HNE-2, and Heruga would fuel long-term growth. EGI's technical position and purchase of additional shares by SAND may support the momentum in share prices in the short term. The stock is effectively a 'sleeper cell' in the OT copper-gold play and will provide gainful opportunities at multiple stages of the project's development. Entrée Resources ( Figure-1 (Source: Entrée) During Q1 2019, EGI’s operating loss of $0.4 MM saw a 20% Y/Y decline (from $0.5 MM last year) as EGI managed to reduce its administration costs. Its cash and equivalents remained strong at $6.5 MM and are sufficient to enable EGI to meet its working capital requirements. In my opinion, EGI is effectively a ‘sleeper cell’ in the OT copper-gold play whose share price would explode many-fold once there is noticeable development on the HNE-1 block cave (expected 20
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