Boron One Holdings Inc V.BONE

Alternate Symbol(s): ERVFF

Metals & Mining Gold

Boron One Holdings Inc. is a Canada-based international mineral exploration and development company with its assets in Serbia. The Company is engaged in the acquisition, exploration, and development of its resource properties. Its project includes Piskanja. Piskanja is located in a historical mining region with infrastructure for mining, including roads, rail, electric power, experienced miners, and others. The site is situated 250 kilometers (km) south of Belgrade, Serbia, accessible by paved roads. Lithology at Piskanja is typical of sedimentary basins, primarily consisting of shales, marls, and limestone, with two primary gently undulating borate beds. The mineralization is primarily dense, compact colemanite with some ulexite. The Company’s subsidiary is Balkan Gold Corp.

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Boron One Holdings Inc

Bullboard Posts

Post by moneydazeon Oct 28, 2009 12:59pm

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Post# 16431507

Billion or almost

Question for the board

With Erin ventures picking up this property for quite a small investment just under 1.5 million and the current price of gold making the approx mineable worth of the mine $929700000 in inferred resource value (900000 ounces x 1033). Would the Canadian banks or another lending institution look upon this in a favourable light ?

Obviously Erin Ventures would have to get all the proper resource estimate paperwork complete

however instead of dilution could they use this mine as collateral of some sort to get a credit line or financing?

Called the office today no answer ( maybe they are busy planning a trip to Serbia ....lol i hope).

Just some thoughts running through my head
Let me know what you think

Moneydaze

Bullboard Posts

Corus reports Q1 profit drop in the face of falling revenue