Erin Ventures has a very rare, high grade deposit of boron in Europe. Boron has over 500 useages and is used by everyone, in everyday life, thou most investors know nothing about it. Boron does not trade like other commodities on an exchange. Eti Maden (Turkey) and Rio Tinto set the price. Colemanite and Ulexite, the two main borates Erin Ventures has, prices have remain very stable and almost unchanged the last three years. ($700/ton). Erin's recent 43-101 shows a minimum 12M tons. They will be starting a new drill program very soon to prove up even more tonnage. Recently the company has hired 6 IR firms to start with promotion. All 6 firms will be in full gear by the time Erin Ventures releases their PEA, by late May, early June! Boron deposits are very rare, there are only a handful of producers in the world. Erin Ventures has the largest boron deposit in Europe and even has a rail line to the property.
Here are a few news related items put out in recent weeks by the two price setters with boron:
(4/15/2014 10:35:24 AM A growing global population is creating more demand for borates as farmers are required to deliver higher crop yields, meaning that the race is on to expand capacity and bring new projects online to match the growth rates.
A growing world population, expanding middle class and increase in urbanisation is expected to lead to a rise in demand for borates in agricultural markets accounting for a compound annual growth rate (CAGR) of 6% to 2018, according to the chief commercial officer, Rio Tinto Minerals, Michael Le Page.
Speaking...
March 4, 2014- SUB: Turkey operations to expand to 1.5m tpa borates output to feed growing demand
Etimine USA, the US arm of Turkish world leading borates supplier, Eti Maden, told IM that its business has grown fourfold in four years as demand for borates for hydraulic fracturing (fracking) has increased. Borates form part of the chemical mixture which is pumped into the ground with the proppants...
April 2014- Borates production in the first quarter was 13 per cent higher than the same
Rio Tinto delivers strong first quarter production
15 April 2014
April 15th, 2014-
Turkey's profits from boron rose 25 fold in past decade
Turkey’s official mining company Eti Maden's gross profits from boron multiplied by 25 in past decade, reaching nearly half a billion dollars last year. |
