RE:"Euro Sun could represent an excellent takeover candidate" 10 million ounces in the ground and licensed. This market cap is absolutley insane!!
If ESM offered this deposit up for sale tomorrow at $500 million would there be a taker???
I would think so and before you finished your Timmy's coffee.
That's a $5 dollar bill and it is clearly worth way more.
I've worked in the mining industry and it is sometimes hard to get your head around what companies have or dont have.
I will confirm that this deposit could be sold tomorrow for $500 million tomorrow without a second thought. Todays share price is a gift.
A potential buyer makes a call starts open discussions the stock moves up over the next couple of weeks then ESM is gone. There is a slim to none chance another 10 million ounce deposit pops it's head up anytime soon. This is a very rare opp with only 60 million shares out.