RE: Has anyone talked to BlakeJay Taylor has.
Gold bug to boron bug ratio...1,000,000:1
Erin Ventures Inc.
Traded Toronto Venture – EV
Pink Sheets – ERVFF
Shares Outstanding: 44.7 Million
Initial Recommendation: $0.06
Price 3/24/06:$0.08
Market Cap: $3.6 Million
Progress Rating: “C”
Toll-Free: 888-289-3746
250-384-1999
Web: www.erinventures.com
I contacted the company on Thursday, March 23, for an update on
progress being made on the Ceibo Chico Gold Prospect in Belize, Central America. As we reported in our initial
recommendation back on February 3, management was forwarding some dredging equipment down to this property from
Canada to dredge a placer gold deposit. I am told that all necessary permits are in place to begin dredging for gold in this
stream deposit that has acted as a transporting agent from the mother lode. In our initial report, we reported that, based on
exploration work carried out by Erin, management believes the stream sediments can contain between $3 and $15 per cubic
foot based on $500 gold. With minimal capital and operating costs, management believes it can generate some meaningful cash
flows for this mini-cap company, but it isn’t the placer gold that is really of interest. What is of interest to Erin is the source of
that placer gold, which it believes it has identified. The plans are to apply positive cash flow from alluvial production to fund
exploration of the lode source.
This of course is a highly speculative venture, but it is exactly this kind of penny stock that can frequently allow early investors
to enjoy returns of 5 or 10 times their money if exploration efforts prove successful. With a market cap of less than US$4.2
million and with a viable project in place, this is the kind of speculative penny gold play we think is attractive for speculative
investors who can afford to take high risks on this kind of stock. Any success in drilling out a lode deposit, especially if it is
large scale, could provide moon-shot-like returns. Cap your allocation at 5% and you are not devastated if everything
imaginable goes wrong. We will keep you posted as news becomes available.