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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: bmccra who wrote (15050)7/30/2003 12:31:02 PM
From: russwinter  Read Replies (1) | Respond to of 39344
 
BM, I was wondering when you'd make your appearance here!! Fantastic, the thread will definitely pick up a notch or two, and I'd advise others to take heed of your posts.



To: bmccra who wrote (15050)7/30/2003 1:54:46 PM
From: Claude Cormier  Read Replies (1) | Respond to of 39344
 
Certainly a stock to follow. They have the location. But not yet the money to drill.



To: bmccra who wrote (15050)10/7/2003 1:31:06 PM
From: bmccra  Read Replies (1) | Respond to of 39344
 
I’ve trimmed down my Entrée position incrementally since my original post, #15050, and am down to a small keeper position now. The stock may be heading higher still which will be great for my remaining position, but risk/reward here vs where it has come from relatively quickly and my comfort level said take some profits along the way. I like that the company has been raising cash at good levels and that they have arranged for 100% control of the property though. Maybe that will mean there is a JV announcement coming.

As an alternate position I started into IUC at 50 cents, International Uranium recently – a Lundin Group stock. Does anyone own this one or follow it? They control a substantial land package in Mongolia of 4.2 million hectares. An interesting company I think. Here are some details:

-66.5m shares outstanding, 67.4m fully diluted.
-Working capital $7.6m USD as of Q3, cash and short-term investments of $5.5m USD.
-“Primarily engaged in the business of recycling uranium-bearing waste products, referred to as ‘alternate feed materials’, for the recovery of uranium, alone or in combination with other metals, as an environmentally preferable alternative to the direct disposal of these products.”
- 2000 ton per day White Mesa Mill near Blanding, Utah. This recycling generates cash flow and income when there is sufficient mill feed stockpiled to justify operating the mill. Generated a profit of 9 cents a share or $5.9m USD for the first 9 months of this year on revenues of $12.3m USD when the mill has been operating, however there are mill stand-by costs between runs and timing of runs therefore is inconsistent.
-drilling has commenced at the Tsagaan Tolgoi project in western Mongolia. The drilling campaign, which will include 15 continuous core holes totaling approximately 3000 meters, will test at least four identified copper/gold targets in the Shiveen Gol intrusive complex.

globeinvestor.com

This is the link to their new Mongolia Exploration page:

intluranium.com

For exposure to such a large exploration land package in Mongolia with an active drill program underway, some cash in the till and further potential cashflows from uranium recycling, as well as uranium exploration properties and resources it could be worth a closer look. Risk would be potential environmental liability at the mill beyond the $12m bond posted.

I’d be interested in any comments.

b



To: bmccra who wrote (15050)7/14/2005 12:45:25 PM
From: bmccra  Respond to of 39344
 
Entree Gold to Trade on the American Stock Exchange

VANCOUVER, British Columbia--July 14, 2005--Entree Gold Inc. (TSX VENTURE:ETG) is pleased to announce that its common shares will be listed for trading on the American Stock Exchange ("Amex"), effective at the opening of trading, Monday, July 18, 2005. The Company will trade on Amex under the symbol "EGI", and continue to trade on the TSX Venture Exchange ("TSX-V") under the symbol "ETG".

Gregory Crowe, President and CEO of Entree, said: "We are delighted to have established the Amex listing for our existing and prospective U.S. investors. Entree has had significant investor interest in the United States for some time and this listing will make the Company more accessible to the U.S. market."

Entree currently has approximately 65,000,000 shares outstanding, over CAD$26 million in cash, and no debt.

ABOUT ENTREE GOLD INC.

Entree Gold Inc. (www.entreegold.com) is an exploration stage junior resource company engaged in the exploration of gold and copper prospects. The Company is a large landholder in Mongolia's south Gobi Desert, near the Chinese border. Entree maintains 100% interest in the 179,590 hectare Lookout Hill (Shivee Tolgoi) property which completely surrounds Ivanhoe Mining Inc.'s (TSX:IVN - News; NYSE:IVN - News; "Ivanhoe") 8,500 hectare, Turquoise Hill (Oyu Tolgoi) holdings. Ivanhoe has an earn-in agreement with Entree whereby Ivanhoe can earn up to an 80% interest in a project area covering approximately 22% (approximately 40,000 hectares) of Entree's Lookout Hill property by spending US$35 million on the project and financing Entree's subsequent share of project expenditures.

biz.yahoo.com

b