Lanny, CM, BB, Longs Everyone - PLEASE READ and GIVE FEEDBAC Please provide your feedback. My post is below the dotted line.
NOTE: For those who are unaware, I'd like to share some information with the reddit community on r/pennystocks to rile up some additional interest and investors to enjoy the gravy train. My post from below the dotted line will be going there.
A url to the PEA for Piskanja would be really helpful and any other links in general
I am open to any and all feedback and would like to post tomorrow evening.
Lets get some more interest and we can all make money.
The real hope is some of the redditors migrate over here and I won't be the only a$$hole :D
Thank you! ial
PS. I say this respectfully, some of you may be much older than I and not familiar with all of the "lingo" they use on reddit. I assure you terms like 'diamond hands' and 'ape' will go over well with the audience over there.
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Let's chat about Erin Ventures... some more.
Building off my previous post: https://www.reddit.com/r/pennystocks/comments/lp3ibs/lets_chat_about_erin_ventures_inc/
The deadline for DD with our strategic partner Temas Resources passed this weekend and the deadline for entering the partnership is 6 weeks away. Tick Tock, Tick Tock... we could see big news about this any day, if not this week.
I am excited to share this with you all because I genuinely like the stock. I think it has a HUGE upside so I wanted to share more. Why? Because there's plenty of money to go around and you don't want to view my Gain Porn 3 months from now and have a crushing case of FOMO. Buy now. Think later... but do your DD.
About the deposit:
These are the facts from the PEA of Economics for Piskanja which are conservative and now out dated, too low at this point.
- Post tax NPV (10%) of US$428M with an IRR(Internal Rate of Return) of 64%.
- Forecast annual revenue of US$97M.
- Project payback within 15 months of startup.
- Mine Life 21 years.
- Gross Project Revenue of $2.04B.
- Net Operating Margin of 68.7%.
- CAPEX(Capital Expenditure) US$84.6M.
- All in Cost/t (CAPEX, OPEX, AISC,Tax, Royalty) US$165.75M.
A $5 per share value was calculated from the original PEA numbers from SRK's Consulting Report. These numbers erred on the side of caution, ie.were conservative and now are outdated as additional drilling programs have occurred, adding borate tonnage numbers to the previous report, share total is lower after the 7:1 rollback, and the CAPEX is lower than originally projected to mention a few.
Interesting facts:
I could have quadrupled my money on a recent pump and dump that took the stock to a 52 week high of 25 cents. I didn't. Day traders may have saw some upside but the diamond hands from some of these guys are incredible. They won't be selling their shares at south of a buck (myself included). Some of these old guys have been in the game 20+ years, and still held strong. They like the stock. They know its value. They know the potential... and they realized they are in the home stretch.
Ryan Kuhn at Temas Resources (look into news releases from my previous post on him) will get sh1t done. He has the knowledge, resources and ability to make massive progress in minimal time. His addition to Temas and the partnership will expedite process to production in ways we couldn't have dreamed of. He's damned connected and I'll have to send him a bottle at Christmas
FYI, there has not been a better borates deposit found on the face of the globe anywhere, better than Piskanja in the last 25 years. If you should find one in your research, by all means let me know.
Predictions:
When Temas Resources commits, the price on a speculative run will reach $0.75-$1.00 range through to the announcement of the partnership in mid April. People who didn't buy this stock before the partnership is announced will be kicking themselves. No questions asked. Once the partnership is solidified, it's off to the moon and it will already be far too late for some.
Expect the weak hands to fold early and those shares will go to much stronger hands and not be sold again until prices are north of $1. Then things will eventually tighten up. Bid price will then come to Ask price. Demand of shares will be much greater than supply of shares driving up the price. You're going to seeing some very shiny Diamond Hands for the next several weeks and months to come.
After that, who knows? Once the mining license is established, the stock will sale. Boron is in EVERY piece of technology that's rapidly expanding. Phones, Electric Vehicles, Green Energy. Do a quick google search to see just how involved this mineral is in so many in demand industries.
"Extra Extra! Read all about it. Dozens of grumpy old men backing junior miner for decades become overnight millionaires". The only thing better would be to add the words "and diamond handed reddit apes with stones as big as buildings" to the headline
TLDR; we could be days away from an announcement that sets us on a parabolic trajectory. I want you to do your DD and join us for the ride, but do it before it's too late.
Disclaimer: I am an ape. I know nothing about finance. I am also easily angered and hairy. Paper hands bad. Monke good.
Further reading/watching
Interview with CEO Tim Daniels - January 28, 2021
https://m.youtube.com/watch?v=YSQ3-hWVYzc