Shares Outstanding: 128.88M
% Held by Insiders1: 23.56%
% Held by Institutions1: 24.90%
Total Cash (mrq): 10.52M
Total Cash Per Share (mrq): 0.08
Total Debt (mrq): 4.86M
Total Debt/Equity (mrq): 9.03
Current Ratio (mrq): 19.10
Book Value Per Share (mrq): 0.42
Cash Flow Statement
Operating Cash Flow (ttm): -20.41M
Levered Free Cash Flow (ttm): -15.52M
52-Week High (11-Nov-11) $1.76
52-Week Low (23-Oct-12) $.40
Entrée Gold Inc. is a Canadian mineral exploration company focused on the worldwide discovery and development of copper and gold prospects. The Company has significant interests in three key copper porphyry deposits: the Hugo North Extension and the Heruga deposits in Mongolia, and the Ann Mason deposit, located near Yerington, Nevada.
The Lookout Hill property in Mongolia completely surrounds the Oyu Tolgoi mining license held by Oyu Tolgoi LLC ("OTLLC"), a subsidiary of Turquoise Hill Resources and the Government of Mongolia. A portion of Lookout Hill (Shivee West) is 100% owned by Entrée. The remainder is subject to a joint venture with OTLLC. The joint venture property hosts the Hugo North Extension copper-gold deposit and the Heruga copper-gold-molybdenum deposit. The deposits are included in the larger Oyu Tolgoi mining complex - Rio Tinto is the project manager on behalf of OTLLC. Excellent exploration potential remains on the property for the discovery of additional mineralized zones.
In North America, the Company is exploring for porphyry-related copper systems in Nevada and New Mexico. The primary North American asset is the Ann Mason Project, located near Yerington, Nevada. The Company recently released the results of a positive Preliminary Economic Assessment for the Ann Mason copper-molybdenum porphyry deposit in conjunction with an updated pit constrained resource estimate. Ann Mason is expected to yield a base case ("Base Case"), pre-tax, 7.5% net present value ("NPV7.5") of $1.11 billion and an internal rate of return ("IRR") of 14.8%, using assumed copper, molybdenum, gold and silver prices of US$3.00/lb, US$13.50/lb, US$1,200/oz and US$22/oz, respectively. Using October 15, 2012 spot commodity prices of US$3.71/lb copper, US$10.43/lb molybdenum, US$1,736/oz gold and US$33.22/oz silver ("Spot Case") the pre-tax NPV7.5 and IRR increase to $2.54 billion and 22.9%, respectively*. The project has considerable potential, both to increase the size of the Ann Mason deposit and to discover additional targets.
In addition to being a politically stable jurisdiction and close to infrastructure, the Yerington copper camp has seen significant historic copper production along with a resurgence of exploration activity and now hosts over 20 billion pounds of copper in several deposits owned by a diverse group of companies.
This website contains information about adjacent properties on which Entree Gold has no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. (Information about Entree Gold is listed on this page and some elements are from Entree Gold's official website