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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
Post by sclurion Jan 04, 2019 8:04am
100 Views
Post# 29185193

Triggers to move the SP

Triggers to move the SPImo, the first trigger to move sp is to prepare a bankable feasibility study asap and be ready.
It usually costs around 1-2% of the total project cost.
May be around $10mn usd( Assuming the mill costs are around $500 mn)

Does the ESM has this small amount to go for it?

The second is to release the stanija results.
It may result in little bump and may attaract some interest.



As I said before, the M& A window in mining is very narrow. The major ones have already zeroed in their targets and are acquiring the stressed out ones.

So far, I have not seen any urgency/intent/ movement from ESM/F&M to take it to the next level or sell it off or go for a jv.


The greed plays a major reason for your failings.

Retail investors like us are in the lst of the line to get any benefit but will be the first to get a boot by the manipulators.



Bullboard Posts