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Gold/Mining/Energy : Erin Ventures Inc. (TSX-V: EV)
EV 21.85+0.3%Apr 17 5:00 PM EST
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From: HighPh4/19/2014 4:38:27 PM
1 Recommendation

Recommended By
piskanjabluesky

   of 19
 
The Piskanja boron project has really advanced.
We are waiting on the PEA which should be a real eye opener for many.
The BFS is expected in less than a year.
EV still needs $5M to reach the BFS stage.
Mine cost has been estimated at $50M, with an expected production of 200,000 tonnes/year.
With about 11M tonnes of borate @ > %30 at the present time (~$700/tonnes), this is going to be a cash cow as the borate market is captive to 2 players (ETI Mine in Turkey and RT), with margin in the 70% range.
EV also obtained the exclusive exploration rights to 33 km^2 of the Jarandol basin (the region surrounding Piskanja).
They are starting in-fill drilling this summer and some exploratory holes in 2 open directions.

Looking forward to starting an active bullboard here at SI.
Cheers - HighPh
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