Euro Sun Mining Inc T.ESM

Alternate Symbol(s): CPNFF

Metals & Mining Industrial Metals & Minerals

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.

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Euro Sun Mining Inc

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Comment by grape562000on Nov 19, 2018 8:30am

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Post# 28993087

RE:RE:RE:RE:RE:Mining Permit Increases In-Situ Value of Rovina Resources

Yes, life on mine capex was $1.5B, but initial capex was similar to ours.
Rovina Valley will also be a phased development beginning with Colnic, but there will of course be costs for development of Ciresta and Rovina. All we know at this time (from IR) is that the initial cost to develop (I am assuming just Colnic) has been reduced from $576M to something on the order of $256M. I have no idea what Ciresata and Rovina will cost to develop but still, there will be future development costs to unlock the value of all of Rovina Valley.
https://www.marketwired.com/press-release/exeter-completes-positive-preliminary-economic-assessment-at-caspiche-tsx-xrc-1906579.htm

Capex Summary
	Initial Capex	US$ M	251	371	387
	LOM Sustaining Capex	US$ M	93	926	1,580
	Total Capex	US$ M	343	1,297	1,967
	Capital Utilization per AuEq* oz	US$	270	264	139