The author

Nico Pop

NICO POP

 

At home in southern Germany, the passionate stockbroker has been accompanying the capital markets for around twenty years. Equipped with a weakness for smaller companies, he is constantly on the lookout for exciting investment stories

ERIN VENTURES: EUR 7 MILLION MARKET CAPITALIZATION MAKES YOU WANT MORE

Erin Ventures stock has increased by about a fifth in the past few months. At the same time, the course hardly fluctuates. For gamblers who are betting on a comeback, these are not bad starting conditions. Even dust-off limits could make sense - the risk that the price will run away in the next few days is low. In the medium term, however, things are looking much more positive. Erin Ventures operates the Piskanja boron project in Serbia. The first details of a preliminary study on the feasibility of the project were recently published.

Boron has special properties: At room temperature, it hardly conducts electricity, but even more so when the temperature rises. It is found in armor or bulletproof vests and also plays a role as a fertilizer or in the chip industry. The Piskanja-Bor project has an Indicated Resource of 7.8Mt (31% B2O3) and an Inferred Resource of 3.4Mt at 28.6% B2O3. As part of the new project feasibility study, the Company intends to update the resource estimate and incorporate new knowledge."This refinement of deposit modeling also results in improved mine planning modeling that considers the potential for strategic mining of the various boron minerals within the deposit based on market conditions and real-world customer demand, as well as the planning of surface treatment circuits that better match the parameters of the deposit." ", the company said in a report. The market has not yet noticed the development around Erin Ventures. With almost EUR 7 million, the company is a crystal-clear micro-cap. The paper is only listed in Berlin in addition to the home stock exchange in Toronto in Germany traded.
The situation at Erin Ventures is somewhat different: The share is extremely speculative due to its status as an exploration company and small cap, but success reports here can also cause a revaluation detached from the overall market. Material shortages and competition hardly play a role here. If surprises succeed here, a lot is possible, based on the valuation level in the single digits.
(bb-99)