Boron One Holdings Inc V.BONE

Pobrdje Mine

[blueboron99]

Sasky/Critical

What amount would the Pobrdje mine generate towards Erin's share value if deposit awarded by Mining Ministry to Balkan Gold?

Supposedly there is a 4 year supply of colemanite to mine at 30,000tonnes /year, which would generate about $1M/month in revenue at colemanite sale price of $400/tonne.

If the balance of the deposit at Pobrdje is awarded to Erin to mine, would this increase the stock price by $1/share, $2/share? What is your take on this?

Bottom line, this will generate quick, easy cashflow and a spike in Erin's stock price.

(bb-99)

[CriticalMind55]

Assuming the same profit margin, 4 years X $12,000,000 US X 1.2476 = $59,884,800 CDN $59,884,800 CDN x .687/138,772,200 shares = .2965 EPS Assuming Industry PE ratio Multiple of 5, so increase in stock price by 5 X .2965 = $1.4825 so final stock price about 11 + 1.4825 = $12.4825 by 2025 or sooner IMO

[blueboron99]

Critical, thanks for your calculations on share price increase if awarded Pobrdje mine. I figured as such, it would land between a $1-2 share price increase. (bb-99)

[gordo323]

Level II   Erin Ventures Inc. (CA:EV) Size Bid Ask Size 7000 0.140 0.155 1000 6500 0.135 0.160 18500 72000 0.130 0.165 6000 106500 0.125 0.170 31000 15500 0

[Flames7]

I got 62000

[tmp251000]

CM what is the .687 used in your calc and it would be more prudent to use 180M shares as any increase beyond 50 cents would bring a ton of warrants being converted If you calculate the full earnings over life of mine do you still use the multiplier or is it only used when you have an ANNUAL earnings What do you think?

[gordo323]

Level II   Erin Ventures Inc. (CA:EV) Size Bid Ask Size 9000 0.155 0.160 54500 101500 0.150 0.165 5000 2000 0.145 0.170 37500 34500 0.140 0.175 70000 19500 0

[CriticalMind55]

.687 is the estimated profit margin I used.  You are suggesting 100% dilution beyond .50 cents, it may or may not happen given the full stock price potential.  There could be another twist to the share structure when all shares are converted to TMAS shares, the deal could be all stock, all cash or a combintaion...all my opinion of course. 

[tmp251000]

Thank you .......re the.687 I do think the warrant holders will cash in once the share price is sufficiently above the warrant exercise price no matter which way the deal comes down ....I figured about 40M additional shares once share price jumps high enough

[Sasky2005]

Hi BB, I'm not sure it has significant material value, I understand it should generate about a million per  month for approx. 48 months, it's a nice little cash flow opportunity, ensures EV has enought cash to get to the mine build stage. I think it's a good boron mining experience employment opportunity for the coal miners coming across to mine boron. I just don't know enough