Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Phipster99on Apr 15, 2019 8:28am
103 Views
Post# 29626538

RE:RE:RE:Eurosun interview outlining strategy

RE:RE:RE:Eurosun interview outlining strategy RVP is the 16th biggest undeveloped Gold project in the world and of those projects 6 or 7 of them will probably never be built.  It is clear the Scott is very familiar with the sector and what will be attractive to other big companies and institutional investors

1) Socially and Environmentally responsible.
  • Dry stack tailings
  • No Cyanide
2) Project is buildable and financeable
  • Phased approach with reduced initial capex vs starting all three projects at the same time
  • Reduces risk
  • Flexible to respond to metal prices
3) Long life time
  • Looking at a multi decade asset that will generate free cash flow for 30+ years
  • Not looking to maximise NPV or IRR as for the long-life projects these measurements fall off over time
4) Expansion
  • ESM has applied to advance the prospecting permit to and exploration permit at Stanija. 
  • He mentioned that it could be Phase 2 or Phase 3
  • Obviously, there are significant additional resources there, but until the permit is an exploration permit, the property is not exclusive to ESM and they are not going to release and data publicly.
 
Scott also mentioned near the end that there was significant interest from buyers after they got their permit in November.  It is clear that they are paving the way for a buy out.  This is clear from:
  1. What Scott said in the interview
  2. Eva Bellissimo Joining Board of Directors
  3. In the paid promotions there is talk of other companies buying large gold projects.  Obviously, the company probably didn’t write those entire articles word for word, but provided information to be put in them.

Bullboard Posts