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Boron One Holdings Inc V.BONE

Alternate Symbol(s):  ERVFF

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.


TSXV:BONE - Post by User

Comment by VeryBusyon May 10, 2022 9:32am
120 Views
Post# 34669961

RE:RE:Simplified PEA vs Complex PEA vs Elaborate

RE:RE:Simplified PEA vs Complex PEA vs ElaborateListenandLearn, The "new" work that Tim is referring to is their decision to include the more detailed elaborate work in the PEA instead of just producing the simplified PEA and that this is the reason for the delay in the PEA. It is clear that neither EV nor Temas should have given a timeframe for the release of the PEA or the elaborate because they have no control over when it will be completed. As for why the PEA and the elaborate is delayed, I would direct you to the section where Tim talks about the consultations with the Serbian Mining Committee auditor. It is not unreasonable to assume that the auditor could be adding additional work to the elaborate (and also the PEA which is based on the elaborate) as the company generating the PEA and elaborate continues to make the necessary changes as directed by the auditor. The auditor is one possible reason for the delay. Tim did mention during the call that the bulk of the work had been done. This is my take on things based on what we have been told. I hope that this helps. Cheers, VB
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