RE:RE:RE:RE:RE:NPVToday Statista has their Borate Price Forecasts at- Boric Acid(/Mt) Colemanite(/Mt)
2022 $748US $547US
2023 $762US $558US
Based on info in the 2008 PEA Plan, it was to sell the bulk of mined borates from Piskanja to the European market. Supposedly 80% of the mine was to produce Colemanite and 20% Boric Acid.
IMO, suspect we will have large sale contracts with SCL located in Italy, as per our LOI prepared and also CPH Chemicals out of Holland.
As you can see there are several borate players positioned in Europe as per the EBA.
I expect one of these Companies will take us out, once the FS is completed and Balkan Gold has been granted the mining license.probably in Q-1 2023.
EBA -EUROPEAN BORATES ASSOCIATION
EBA was founded in 1998 as the representative body of the European borates industry.
The activities of the association comprise all non-commercial aspects relating to borates, with particular emphasis on health and safety, environment, and sustainable development. It is a member of IMA - Europe, the European Industrial Minerals Association. The membership of EBA comprises 3 companies operating in Finland, Luxembourg, the Netherlands, Belgium, Spain, France, Italy, Turkey, and the UK. EBA covers more than 95% of the EU borates production.
(bb-99)