Mr. Crowe: Entree Gold started in the year 2002, and it was essentially formed to accommodate some interesting early-stage exploration projects in Mongolia. Those projects happened to surround the evolving copper-gold discovery of Ivanhoe Mines, called Oyu Tolgoi, in Mongolia. Since 2002 we have worked to develop it. We have brought in Ivanhoe Mines as our partner, and they have become a very aggressive and supportive exploration partner. They have gone on to discover significant mineralized reserves on our property. And on top of that, we have also brought in Rio Tinto as our largest shareholder. Today we have expanded; we have acquired properties in other jurisdictions. We have properties in China, in Arizona, in New Mexico, and most recently we've made a bid for an Australian-listed junior company called PacMag Metals that has title to a large copper resource in Nevada, which constitutes over 7 billion pounds of copper.
TWST: Give us your perspective on how the gold and copper markets performed in the past six months or so, and where you think they may be going in the next six to 12 months.
Mr. Crowe: First of all, gold and copper have moved in tandem in terms of going up together. I believe personally that the outlook still remains very rosy for copper. I think in the short term, the outlook is also good for gold. But once the U.S. economy starts to significantly recover and the U.S. dollar starts to return to, should we say, a currency of acceptance around the world, then you're going to see the prices of gold start to taper off.
Tickers included in this excerpt: EGI
For more information call (212) 952 7433. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.