RE:RE:RE:RE:RE:RE:RE:Question is lawsuit finished with and closedAs requested: 1). Money In:
From SRK 2013 Report:
State-owned Ibarski Rudnici (JP PEU Resavica) has a boron mineral exploitation licence (cadastral number 470) for the Pobrdje mineral deposit located 2.6 km northeast of the Erin licence and on the western bank of the Ibar river. Erin staff have reported that material was produced from this mineral deposit during 2011, but no official figures have been published. According to information sourced from the Ministry of Mining and Energy of the Republic of Serbia “ore reserves” of boron in categories A+B+C1 were estimated at 140,000 tons and the “estimated resources” (P category) at 60,000 tons of B2O3.
Q: How much borate has Ibar Mines mined in the last 11 years (how much is left today)? There's not much public data on this that I could find except the above.
2). Money Out:
From EV, February 28, 2017 NR:
Balkan Gold would provide the capital to refurbish, upgrade and operate the Pobrdje
Q: How much capital would Balkan Gold have to provide to accomplish this?
BB, Both answers (or at least decent estimates) are needed to value Pobrdje adequately. Given your rebuke to my post, I would assume that you must have them. So, how about spouting the correct value on Pobrdje? as you so elegantly put it.
3). Mine Closure:
From the NR above, Balkan Gold would not own the Pobrdje mine but would hold the exclusive rights to any borate mined there. So, I erred as to mine closure cost for Balkan Gold as far as I can tell as Balkan Gold would not own the mine. Thank you for the correction, BB.
I look forward to your reply as I (and many others on this board I would assume) do want to base our analysis on factual information.