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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 grape562000on Nov 14, 2018 10:00am
71 Views
Post# 28971478

RE:RE:FS not ready yet?

RE:RE:FS not ready yet?The company needs to articulate a plan going forward. How will they fund development of the mine? When will the feasability study be completed. Until the plan for Rovina is known, any potential investor will hesitate for fear of funding  mine development through share issuance (dilution). If on the other hand, they sell a stream or streams as Pretium, Alexco any others have done, I think the fear of the unknown will be eliminated and buying interest will ensure. But Scott will need to explain what he meant when he said " no shares will be issued until the share price reaches $5". 

Bullboard Posts