Boron, an important battery element often forgotten Erin Ventures - Boron, an important battery element often forgotten
Boron is one of the most versatile elements in the entire world, bearing the atomic number 5 with the abbreviation "B" in the periodic table. Hundreds of products we encounter in daily life all contain boron. Prominent examples are glass, ceramics, house insulation material, fiber optic cables, smartphones, computer screens, and solar panels on the roof.
Other important applications include electromobility and fuel cells, where boron plays just as valuable a role as the generally pursued lithium. In purely quantitative terms, batteries for electric cars contain almost as much boron as lithium. More than six tons of boron are found in large wind turbines, and in the nuclear industry boron is used as radiation protection. The element thus occupies a decisive place in decarbonization.
The raw material is mainly supplied by the two large boron producers, Eti Maden in Turkey and Rio Tinto in California; the remaining suppliers are highly fragmented and relatively small worldwide. These two mining giants have dominated the market for years, but now a new property is opening up in Serbia - the pre-feasibility study (PEA) has just been published. It calculates that demand will soon increase tenfold. For the Canadian explorer Erin Ventures, the cards could not be better because, with an investment of USD 80 million, the net present value for the planned mine is USD 525 million.
There are few peer companies involved in lithium and boron projects. That is why research firm MMG Capital conducted a valuation of Erin Ventures. Including all parameters for a 3-year mine build-up and a partial sale of 50% to joint venture partner Temas, the valuation target is CAD 122.3. The current number of shares at 151.6 million provides a calculated fair value of CAD 0.79 per share. At the current share price of CAD 0.09, a near tenfold according to the latest MMG analysis. Since Europe, in particular, is the world's most committed to climate protection, this boron project could play a vital role for the European industry. Collect a few pieces for the portfolio at the favorable price of CAD 0.09.
Further details on Erin Ventures you can find in our lasted interview with CEO Tim Daniels: Link to Interview
Since the latest MMG Report, Canadian Erin Ventures has made a 30% leap upwards.
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