Hi Ians All Anne Masons holes end in Copper. I see Entree drilling this to over 10Bill llbs Cu The unexplored Blue Hills has a similar footprint and may also reach 10Bill llbs
PMH had 3 options faced with a world class JORC reserve 1 Issue over a billion shares 2 Cut themselves a 20% free carry deal like Entree did with Ivanhoe at Oyu Tolgoi 3 Find an Ivanhoe/Entree
Option 3 suits the end game for the clutch of Juniors in Yerrington Nevada which will grow to over 30Bill llbs Cu plus Au and Ag credits
Entrees web site gives prominence to the PMH deal. Its a huge coup for them and doubles their curr JORC equiv res of Cu for the issue of a modest no of shares and 6 mill cash I believe the PMH deal will add $2-3 to Entrees price when the broking and investment community give it publicity. I see selling in Entree and buying of PMH as a play over the next month also In my previous post I quote verbatim the CEO of Ivanhoe on the Oyu Tolgoi system He is saying it is worth $ TRILLIONS giving a stellar boost to Entrees free carry and their 100% owned land in the area
I am confident that my Entree shares and cash recd will exceed AUD $1.00 by Dec 2010 Looking forward to 0.40 next week Waiken
PMH Price at posting:
28.0¢ Sentiment: LT Buy Disclosure: Held
