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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 Aug 02, 2018 7:21pm
191 Views
Post# 28407792

RE:Burn rate

RE:Burn rateNot sure why you're being rated 1 star as this is a legitimate concern. We had ~4M left as of March 31. Assuming no further compensation packages, we might have burned ~2M over Q2, with now July gone and August ongoing.. we'll need money very, very soon. Unless they can raise money through their options as we get the license and the SS shoots up, I foresee some money raising soon after the AGM.

We can only hope the license is obtained by August 22, as I'd hate to see further dilution.
Bullboard Posts