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Euro Sun Mining Inc T.ESM

Alternate Symbol(s):  CPNFF

Euro Sun Mining Inc. is a Canada-based mining company. The Company is focused on the exploration and development of its 100%-owned Rovina Valley gold and copper project located in west-central Romania. The Company holds the Rovina Valley Project through a mining license which covers a total of 27.68 square kilometers (km2). The Rovina Valley Project consists of three copper-gold porphyry systems referred to as Rovina, Colnic and Ciresata. The Colnic Deposit is located approximately 2.5 km south of the Rovina Deposit and the Ciresata Deposit is approximately 4 km south of the Colnic Deposit. The Rovina gold deposit holds about 400 million tons of confirmed resources containing 7.0 million ounces of gold and 1.4 billion pounds of copper.


TSX:ESM - Post by User

Bullboard Posts
Comment by kynarron Nov 01, 2016 10:06am
125 Views
Post# 25409688

RE:RE:RE:If they are so sure to get the licence ratified like

RE:RE:RE:If they are so sure to get the licence ratified likeI agree fully with this. I too have made more than my contribution, and I'm definitely not happy with the current trend, but I was half-expecting it. As far as I was concerned, post-consolidation, it was either going to go up on X news and never go back to the current levels, or it would slowly trend down til we get proper news. I took my guess and was wrong. We're in a world where people have so little patience that they'd rather get out right now and take what little profit they made, instead of waiting it out and possibly making enough to retire.

It's very much true that exploration results, prospecting licenses and nice positive words aren't worth much in the mining world, but I believe it's different with this company. We know how much gold there is at the very minimum. We know we have the most competent individuals at the very top. We know they'll either fund it til production or sell it asap to the biggest bidder. Should they buy shares right now? I mean maybe. They've already invested a big amount though. That I recall, didn't they pass a poison pill preventing anyone from owning over a certain %? Does this apply to them too? They'll already acquire more once we pass the 0.12 pre-consolidation too. I believe it's smart to just let the SP go where it will go. There's no need to try to artificially inflate it. It will go up once it's ready to.
Bullboard Posts