Euro Sun Mining Inc T.ESM

Alternate Symbol(s): CPNFF

Metals & Mining Industrial Metals & Minerals

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.

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Euro Sun Mining Inc > Valuation

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Post by grape562000on May 07, 2021 6:54am

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Post# 33150375

Valuation

Bit of an oversimplification but if Novagold owns 50% of 40M gold ounces (Donlin Creek) = 20M ounces and their market cap is $3B, what are we worth? It does not seem unreasonable to think ESM might be worth $500M if one wants to argue 'jurisictional risk'. If so, that would be 10x current valuation. Just thinking out loud.

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