RE:RE:RE:RE:RE:amazingHi tmp,
FYI this is the quote on July 13/22 from MMG Capital's projection of Erin Ventures 50% interest when Temas was our partner.
"MMG Capital's further evaluation of Erin Ventures also included Erin's 50% interest in the cost of capital less the additional €10.5 million contribution from Temas, added net cash and final operating and exploration costs deducted three years. This works out to be a value of CAD 122.3 million for Erin Ventures. or $0.79 per share, a tenfold increase from the current share price of $0.08. Incidentally, the value of a mining license for an area of almost 21km² in the Jarandol Basin west of Piskanja was not taken into account here and can be seen as a possible upside".
Now that Erin has 100% interest of Piskanja, the number $0.79 value now doubles to a $1.58/share value.
The new number only reflects the share price for the Piskanja property, after the revised PEA was released.
It does not include the Jarandol basin as I have highlighted, the potential old Pobrdje minesite Contract, or any off-take borate Agreement(s) which may occur during this year.
Yet to come is a tenfold share price correction as forecasted by MMG Capital's forecast.
Last week our share price opened at $0.05 and closed on Fri at $0.065 or a weekly 30% increase. Has the tenfold price correction commenced?
IMO, suspect some strong positive News is about to be announced after last weeks trading performance, Insiders Report and indicators in your technical charts.
Should be a great trading week.Cheers!
(bb-99)