RE:objective corporate research
Perhaps this is why Erin Ventures doesn't get the coverage it deserves.
Objective Capital Research got a fundamental fact completely wrong in the paragraph below. It seems they don't know the difference between the Jadarite project (Jadar Basin within Loznica municipality) and the Jarandol borate deposit (Piskanja).
Of the future projects, Rio Tinto’s Jadarite ( LiNaB3SiO7(OH) ) project in Serbia is
likely to be the largest if it is completed . This unique mineral occurs in 3 stacked
beds. The deepest of these, the ‘Lower Jadarite Zone’ was subject to an Order of
Magnitude Study by Rio which has identified an Inferred Resource of 114.6million
tonnes grading 1.8% Li2O and 13.1% B2O3. The project is at feasibility stage and if
mined over 25 years it would produce 60,000 t/y lithium carbonate and 300,000 t/y
boric acid. This inferred resource may double after further exploration work. There
are however possible complications related to the ownership of this project by Rio
and a third party, Victoria Canada based Erin Ventures.
Gotta love a report that can't tell the difference between two distinctly different deposits.
VB