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Euro Sun Mining Inc T.ESM

Alternate Symbol(s):  CPNFF

Euro Sun Mining Inc. is a Canada-based mining company focused on exploration of gold and copper. The Company is focused primarily on its 100% owned Rovina Valley Project (RVP) located in west-central Romania. The Company operates through the development of its Romanian mining permit segment. The Rovina Valley Project consists of three copper-gold porphyry systems, such as Rovina, Colnic and Ciresata. The Company’s wholly owned subsidiaries include SAMAX Romania Limited and SAMAX Romania S.R.L.


TSX:ESM - Post by User

Bullboard Posts
Comment by scoproon Jun 11, 2017 11:42am
161 Views
Post# 26350072

RE:RE:RE:150'000 ounces of production a year is very possible!

RE:RE:RE:150'000 ounces of production a year is very possible!
With current metals prices and PoG, I concur with a market cap of somewhere between $500million and $1billion when in production, and I base this on a very conservative profit margin of $300/ounce and on the scaled down scenario. Every increase of $100 in the PoG would increase this valuation by 33% so at $1600 gold, value should be at least somewhere between one to two billion, and likely double that, as at this PoG, the full 10.8million ounces (Eq) would be easily economical. I'm hoping we're able to keep our share count as low as possible. Anything economical from Stanija would be on top of this. So, $10, $15, $20, $?/share... it's hard to say.
Bullboard Posts