To sum up the video
$50 million usd spent to date on drilling alone as ESM
6:11 lil pop up says Euro Sun Mining is not in production. It is currently in the development stage.
7:50 Asks about that construction license, still working on the rezoning and environmental impact, in my opinion kinda glosses over this question and brings it back to having full rights to do explotation. Or in their words its like building your house now just need the construction permit to do it.
At the 12:00 minute mark.
Because we are paid by Euro Sun, and therefore we are not independent reporters, our coverage of Euro Sun features many of its positive aspects, and not the potential risks to its business or too investing in its stock.
The securities of Euro Sun are highly speculative due to the nature of the Company’s plans/objectives and the present stage of Euro Sun’s development, which is in the exploration and development stage. The company has limited financial resources, no source of operating cash flows and no assurances that sufficient funding, including adequate financing, will be available to conduct further exploration and development of its projects. If the Company’s generative exploration and development programs are successful, additional funds will be required for development of one or more projects. Failure to obtain additional financing could result in the delay or indefinite postponement of further exploration and development or the possible loss of the Company’s properties/projects.
Or as Phipster99 put it
RE:RE:RE:RE:English Translation
They are currently working on getting the construction permit. In order to do this they require some things. First they need Urbanization Certificate for Project that requires them to finish up their EIA. This is projected Mid 2020. This is all the environimatal and social studies. The other thing they require is Urbanization Certificate for Land. This is to re-zone all the land that they want for mining. This along with the Bankable feasiblilty study is projected to be finished in Mid 2020. Still have lots of work to do. It also sounds like they have applied for the exploration permit for Stanija. They are being very tight lipped about it because until they go from prospecting to exploration, it is open for anyone to apply. Once we have the exploration permit they will have exclusive rights to it and then they can release all the data they have been collecting over the last two years.
Back to me
Now do I complain about manegment and am I critical of these guys yes because only a fool wouldnt be. Do I think there is money to be made here, well if I didnt I wouldnt have been holding/tradding this puppy for the last few years.
I honestly think Phipster99 hit on a big note Stanija which I have mentioned before. These jokers have been doing exploration in both areas and with how quite they have been you can bet Stanija is the real prize and their real point of interest.
The amount of money they have burnt through to me looks like they are trying to get two sites locked down instead of just one.
If we get Stanija as well then ya this will be a big big deal so hopefully after funding its initial development they dont spin it off under a different name and leave us holding the bag after paying for the cost of getting it.
Anyways stay tunned for an ESM announcment, I am sure once this retreat wraps up they will drop a few hints about take over interest.... heck we might even see a pump to $1 between this retereat and the one on the 16th. Remember sell the rummor then buy the dump that is the new.