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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

Comment by LondonMustangon Dec 30, 2020 3:52pm
227 Views
Post# 32199388

RE:RE:RE:ESM cash burn

RE:RE:RE:ESM cash burnWhat you don't say is that Eurosun management got rid of Forbes & Manhatten 6 months ago and brought in new directors to help move the project forward. Also, the last private placement was lead by Sprott Capital and was overprescibed by 6 million shares at $.39. I don't think Eric Sprott who owns 1.1 million shares himself would associate his name and company with a firm he didn't believe in. I emailed Scott Moore today and while he said he couldn't answer my questions about permitting/DFS due to timing of selective disclosure rules, he did say they would be providing an update on their milestones within the next couple of weeks. When the 2 permits are received and the DFS published you will wish you owned shares of Eurosun then.
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