The Catalyst Moment for Euro Sun Mining 2023 - First Production 2024!
Euro Sun Mining has had to deal with people’s perceptions of Forbes & Manhattan, the country itself, the ability to get permits, and the ability to get a mining license. It has been
one thing after another for the company.
Ex-CEO Mr. Moore says they have a strong institutional shareholder base, which is probably now over 50% of their shareholders, and envisage they will be
well-received by all investors going forward.
They are planning to start going through the financing phase and putting financing packages together and have had some interest from French banks,
the Germans, private equity funds, and credit funds.
Do your own dd as all is said in IMO and no guarantees in investments,
Given the size and open pit mining (cheapest way), I would expect a serious offer from a mid-tier or probably major producer, and a potential "bidding war" can very well happen. Once the last permits come in next quarter - all lights blink green for this gem in the rough.
If this occurs at the same time as a gain in the gold price... Euro Sun Mining has a strong hand at the table with the bigger boys.No less than 10X I has as a target price, to the current share price, in 2023.
As the math shows 30-40 x now - 10X is a bargain in my view, it would still be under one dollar
Wish all a happy new year.
How much is Euro Sun Mining worth? When you do the math,
you realize it is very undervalued, google it and you will find out more info.
The most common way to calculate comes up with these numbers;
This means that Euro Sun’s enterprise value of US$30.94 million ( see the latest valuation here) is just 11.2 % of a conservative value of US$275.5 million (US$5.51/share ).
Euro Sun’s Rovina project’s 11 million gold ounce deposit is the second largest in Europe and one of the largest in the world.
See from the previous post - " At the current share price, Euro Sun is a gift. The company is valued at just $2.50 per ounce of gold equivalent (some copper) in the ground.
Meanwhile, over the past two years, similar assets have been acquired on average
for $95 per ounce — which is nearly 40X more…!
Technical Chart Indicators 20th of December
Trend Seeker® HOLD Bullish
20 - 50 Day MACD Oscillator BUY Strongest
50-Day Moving Average BUY Strengthening
New Updated TARGET Price On Euro Sun Mining
Euro Sun Mining Inc (ESM.TO) (CPNFF OTC)
0.1000 unch (unch) 13:54 ET [TSX]
0.0950 x 3000 0.1050 x 38500
ANALYST RATINGS for Mon, Dec 12th, 2022Alerts Watch Help
Analyst Target Prices
HIGH TARGET 3.0000 MEAN TARGET 3.0000 LOW TARGET 3.0000 CAD
Can be a good time to accumulate shares/take a position - dirt-cheap IMO.
Next month (at the latest) we will see a highly probable BREAKOUT
The Company’s primary focus is to complete the remaining two
approvals for the PUZ approval process as soon as practical.
It is estimated that this will be completed in H1 2023.
Sixteen of eighteen required review group approvals have
been received to date regarding the PUZ.
The Company continues to work diligently in these final PUZ and EIA permitting steps and dialogues closely with local and national authorities for
timely approval which allows construction to begin.
Meanwhile, the Project team continues basic and detailed engineering work, bridge engineering, and front-end engineering design. Fundraising will continue to support ongoing permitting, operating, and engineering support activities.
Article about the company from 2020 - still a lot valid today also;
1 year ago, on 2021-11-26, environmental concerns was in the media;
The article made splashes within the local community (those who lived close to the area of mining) - and the company called local meetings explaining the new way of setting up a modern mining operation.
Long story short; the concerns have been many and loud - due to bad mining operations in the past. Since then further environmental permits have been approved - both on the local and national levels.
There is one more permit regarding the environmental effect that is needed.
Do your dd and evaluate the risk-reward ratio.
GLTA and have a nice weekend
Valuation - target price (of today ) 2022 - 2023;
Euro Sun Mining IncInstrument Symbol(ESM-T)
Instrument Exchange TSX
ADD TO WATCH LIST CREATE ALERTS
0.1000 CADTODAY'S CHANGE
REAL-TIME LAST UPDATE 12: 22 ET
CURRENT TARGET PRICE
High Target Price 3.0000
Mean Target Price 3.0000
Low Target Price 3.0000
Median Target Price 3.0000
Part of the Christmas Rally?
Source; The Globe And Mail
Euro Sun Mining Inc (CPNFF)
My favorite chart; the 1-Month chart
The rise is impressive - and we are just starting.
Today 5d 1m 3m 1y 5y 10y
List Price 0,0785
Day High 0,0785
52Wk High 0,2408
Ex-Div Date N/A
Market Cap 14,85m
Last Trade 10:02
% Change 8.13%
Prev Close 0,0726
Day Low 0,07415
Bid Size N/A
Ask Size N/A
52Wk Low 0,042
P/E Ratio -2.00
Meeting the European demand for critical metals self-reliance
Given the Russian changes of isolation, metals will be harder to get.
As Russia is a major producer of metals, prices will skyrocket in 2023.
Euro Sun Mining is a publicly listed development-stage mining company focused on unlocking value through the responsible development of the Rovina Valley Project, one of Europe’s largest gold-copper projects.
The Rovina gold deposit located in west-central Romania is the second largest in Europe and holds about 400 million tonnes of confirmed resources containing 7.0 million ounces of gold and 1.4 billion pounds of copper.
5-Day Change +40.00% - From the Canadian side
Trend Seeker® BUY Maximum Strongest
20-Day Moving Average BUY Strong Strongest
20 - 50 Day MACD Oscillator BUY Weak Strongest
50-Day Moving Average BUY Strong Strongest
100-Day Moving Average BUY Weak Strongest
Euro Sun Mining Is Getting Attention - Rightfully.
FOMO will eventually spread, and the herd is blind and want a piece - when this happens you want to have a position. Do not make a mistake about it
Access to the EU’s next gold-copper producer
2022 Definitive Feasibility Study
Low-risk/ high-reward valuation
gap vs peers*
• <0.1 P/NAV vs peers at 0.5
• US$10.00 EV/reserve oz vs
peers at US$154 EV/reserve
Low-impact mining approach
A clear pathway to unlocking
Do your own d d - GLTA!
Now we start talking again - we broke the third and last resistant point. For those who use technical trading as a tool among others, this is a very important breakthrough.
At the time of writing, it is close to 0,8 - next resistance is almost 100% up...!
Meaning we can see a jump to around 0,15 -0,16 within a very short time frame.
To be continued;
Euro Sun Mining Insider Trading. See holders on the website
The CEO With The Largest Holdings Of Management Team
Euro Sun Mining Insider Trading History
Export to Excel
Transaction Date Insider Name Title Buy/Sell Number of Shares Average Share Price Total Transaction Shares Held After Transaction Details
5/12 Geoffrey Scott Moore Insider Buy 10,000 C$0.00 C$0.00
5/5 Geoffrey Scott Moore Insider Buy 10,000 C$0.00 C$0.00
5/4 Bradley Dean Humphrey Insider Buy 5,000 C$0.00 C$0.00
5/3 Geoffrey Scott Moore Insider Buy 10,000 C$0.00 C$0.00
4/28 Geoffrey Scott Moore Insider Buy 10,000 C$0.00 C$0.00
4/27 Geoffrey Scott Moore Insider Buy 10,000 C$0.00 C$0.00
4/26 Geoffrey Scott Moore Insider Buy 10,000 C$0.00 C$0.00
2/2 Geoffrey Scott Moore Insider Buy 1,000 C$0.88 C$880.00
1/25/ Geoffrey Scott Moore Insider Buy 2,000 C$0.85 C$1,700.00
Euro Sun Mining Analyst Forecasts 2022
Current Year EPS Consensus Estimate: $-3.59 EPS
Do always your own due diligence, all investments carry risk.
GOLD Price Revaluation Happening In 2022 - Jim Rickards | GOLD Price Prediction
Today we passed the last resistance - good potential for a rally coming up.
3rd Resistance Point 0.1242
2nd Resistance Point 0.1233
1st Resistance Point 0.1217
Last Price 0.1250
Example from TSX today.
Right now the gold price is 1798 dollars.
The rovina valley project | euro sun mining Original
1 feb. 2022 Leading the sector towards a more sustainable and responsible path of providing critical metals to the EU, Euro Sun will produce a clean, high-grade copper concentrate with a strong gold credit at an AISC of US$1.70/ lb.
There is strong demand at European smelters for clean concentrate, with Spain, Germany, Serbia and Sweden all being strategic markets for the concentrate.
Investors Could Make 20x Their Money
I Will Show You the Simple Math
Euro Sun Mining (ESM:TSX, CPNFF:OTC) could be the Gold Stock of the Decade. This company has EVERYTHING I want to see.
Here are the boxes that Euro Sun Mining ticks for me:
SIZE–10 million ounces of gold equivalent, the second largest undeveloped deposit in Europe, permitted for production in an area where large scale mining has been done for over 100 years.
Only 89 million shares out and cashed up with a recent financing
Management bought this financing (and their average cost is still close to $1/share–higher than today’s price!–NO cheap stock on this company!)
CEO Scott Moore and his team have an incredible track record in adding value for their shareholders–their last four projects are now in production
DIRT cheap valuation vs. peers
A “Popcorn” market for gold stocks–they’re popping all over right now.
The most important time in history to have exposure to gold with Central Bankers destroying currencies, as evidenced by $17 trillion of global Government bonds with negative yields…….TERRIFYING!
This company has leverage both in the ground and in the share structure, plus a management team that can–and has–delivered the goods.
Here is the simple math that says investors have a great chance of making 20x their money–-and that’s just my base case!
That is why for me, this is The Gold Stock of the Decade.
RECENT GOLD TRANSACTIONS MAKE THIS A NO-BRAINER
At the current share price, Euro Sun is a gift. The company is being valued at just $2.50 per ounce of gold equivalent (some copper) in the ground. Meanwhile, over the past two years similar assets have been acquired on average for $95 per ounce — which is nearly 40X more…
To be clear, $95 per ounce is the average not the high.
Even if Euro Sun traded at 60 cents (twice the current share price) it would still leave a potential 22-bagger on the table for every investor today; 2,200%!! This is not my opinion, it’s from the hard transaction numbers in the table below:
At these share prices Euro Sun Mining has lottery ticket upside, with the odds of success backed by a 10 million ounce world class gold deposit.
Even undeveloped, this asset is worth multiples of the current share price.
GREAT LOCATION, FULLY PERMITTED, HIGHLY ECONOMIC
How does a company with an asset this big get valued this small?
Simple, investors abandoned the resource sector a decade ago. Nobody has been watching what these companies have actually been doing for years.
What they have missed is that Euro Sun Mining now owns 100% percent of the 10 million ounce Rovina Valley Project in west-central Romania — a developed and secure nation that is a member of the EU and NATO. And it is PERMITTED for production.
This is a perfect place to operate a gold mine.
This is an established and prolific mining region with THREE large gold mines located within 40 kilometers (25 miles) of each other. There’s over 40 million ounces of gold in this Tethyan Gold Belt–this is like Nevada, or Red Lake Ontario, or Johannesburg South Africa. The only difference is that nobody knows about it.
Rovina is officially #14 in the world for gold deposits. Though I don’t want to be a bad guy, I will say, that 7 or 8 of those ahead of Rovina will almost certainly never see production. The last four assets that Euro Sun CEO Scott Moore has owned are all in production. Scott delivers for shareholders!
The local labor force is skilled and hungry to work and there is excellent road and rail infrastructure already in place. The mining permit arrived last November, when the Market was collapsing and nobody was paying attention. That was news that shouldn’t have slipped through the cracks but did.
Another unappreciated advantage….the cost of power in Romania is DIRT cheap at just $0.07 per kilowatt hour.
The geology here is simple and everything lines up for this to be a very large, very low-cost project. It’s got huge size, low cost and one of the best teams–It’s the Gold Stock of the Decade.
The independent, third-party engineers who completed Euro Sun’s February 2019 Preliminary Economic Assessment (PEA) of Rovina Valley peg the projects operating costs at just $752 per ounce.
That puts Rovina Valley’s operating costs in the lowest 25 percent of the industry.
With gold prices at $1,300 per ounce a $752 ounce operating cost makes for some fat margins.
And their capex is DIRT cheap for a mine this size–just over $300 million plus a contingency.
My only concern? Euro Sun shareholders (like me) get robbed of this project with a near-term takeover by a larger player for just a triple or quadruple on my money.
The bigger operators are smart, they know that they can take advantage of how cheap shares of gold producers are today. Shareholders deserve MUCH more for finding a gem like this.
THE MORE THEY DIG, THE MORE I LIKE IT
Developing this mine will be so simple–nobody has to move, there’s no using cyanide and no wet tailings. (Dry stack tailings are rapidly becoming the new standard for mining, and CEO Scott Moore’s team is embracing that.)
Put all of this together and it means that Rovina has:
low capital costs,
low operating costs,
skilled local labor,
full social license
The combination of low operating cost and low cost of development make for a powerful economic combination……..and a no-brainer takeout target for every larger operator in the industry.
I knew all of this when I bought my stock. What I didn’t know, and wasn’t counting on was the news that came out November 4th…..
“Euro Sun Discovers Four New Gold-Copper Porphyries Adjacent to Its Rovina Valley Project”
This was an important announcement for three reasons.
First, is the steady stream of positive news this additional discovery will provide. Rovina is going to be a huge cash generator, but until it hits production it is still in development mode. Development mode means no news, and no news means no attention for the stock.
These new porphyries now provide news flow that will get the market looking at Euro Sun — which is exactly what we want for when Rovina hits center stage.
Second, this additional discovery makes Euro Sun even more attractive to the base metal majors as a takeover candidate (porphyry = copper & gold). Eventually I want to see this company taken out at a BIG PREMIUM……I just don’t want it to happen before Rovina gets cranking out cash, which will drive that takeover price much higher.
This discovery means the already big prize here has grown, and that makes Euro Sun a more tasty looking meal for the bigger players.
Third, these new porphyries provide Euro Sun’s management with a powerful financing option. Just one of these could be sold to provide a non-dilutive source of capital to finish off Rovina. This is wonderful flexibility that I was not expecting.
With the company valued at $2.50 per ounce, dilution is not what I’m looking for!
While it is early days, that announcement tells us that there is likely upside coming to the already massive 10 million ounce resource figure. Given the size of everything in this region…..that upside could become pretty interesting, very quickly.
This stock didn’t need more upside potential — but it just got it!
CEO SCOTT MOORE HAS MADE OVER $1 BILLION
FOR HIS SHAREHOLDERS!!
Now, I would buy the stock just for all that, but when I tell you what CEO Scott Moore has done in the very recent past, you will understand why this is my Gold Stock of the Decade.
I think investors can make 20X their money or more—I already showed you the math.
Junior mining is about management, management, management. CEO Scott Moore has shown the Market and shareholders time and again he is one of the best financial minds in the mining game, worldwide, regardless of commodity.
Moore specializes in brownfield development, not greenfield, which is discovering a brand new deposit and turning it into a mine 10 years later.
He and his team buy an already discovered but unloved asset that a lesser team hasn’t gotten off the ground, and do all the tough work, i.e. a new mine plan, permitting, financing, etc. Anything in-the-ground or above-the-ground, Moore’s team has shown they add HUGE value in a short amount of time.
Here is a quick list of some of his recent GOLD successes:
THE TABLE ABOVE IS THE #1 REASON I OWN THIS STOCK
If Moore had just a 1 million ounce property in Tim-buck-too, I would still back this man. He delivers. But here he has TEN MILLION OUNCES of gold equivalent, in a European country. And ongoing exploration suggesting serious upside.
You see all that money Scott has made his shareholders in the last decade? He never had an asset this big. Think what he and his team can do with this.
You don’t have to think–I’ll tell you. I think they can make investors 20-40x their money from here—just by getting bought out at an average valuation.
When you meet him, he is not flashy. He is an MBA, but he is a down-to-earth, matter-of-fact, roll-up-your-sleeves and park-the-ego-at-the-door kind of guy.
The 10 million ounce Rovina deposit is one of the most sought after gold assets in the world. Moore bid FOUR separate times for this deposit before convincing the seller to part with it. He bought the asset at the bottom of the gold market — he would not be able to do that deal today.
FEW STOCKS CAN MAKE INVESTORS 20X THEIR MONEY
EURO SUN MINING CAN ABSOLUTELY DO IT!
I think investors have a chance to make more than 20x their money on Euro Sun–and I think it could happen in a short period of time, given the gold market I’m seeing lately. Against comparable transaction data points it is easy to make the case that this stock should already be $4; in fact every metric says it could be double digits and still not fully valued.
I could tell you more about how profitable Rovina will be. I could get into more detail of Moore’s previous wins. But I think I have painted the right picture here. The valuation on gold developers like Euro Sun are currently crazy cheap, and Euro Sun has a team and clearly defined plan to get it into production quickly. That is why I believe the potential for short term value creation here is incredible! This is the right stock at the right time.
From a finance perspective, it’s a tight stock and management’s cost on their stock is actually above this price level. No cheap stock, and Euro Sun just cashed up.
Gold stocks are very perky right now.
The Market is has lost faith in Central Bankers and is starting to finally look for these companies. When Euro Sun gets discovered, I think it will move BIG and move FAST. I wanted to get positioned (count me long and a bit biased) before the Market gets wind of it. And you, dear reader, are now beating the market to hearing about this story. Many other groups of people will after today.
DISCLAIMER: Management has reviewed and sponsored this article. The information in this newsletter does not constitute an offer to sell or a solicitation of an offer to buy any securities of a corporation or entity, including U.S. Traded Securities or U.S. Quoted Securities, in the United States or to U.S. Persons. Securities may not be offered or sold in the United States except in compliance with the registration requirements of the Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom. Any public offering of securities in the United States may only be made by means of a prospectus containing detailed information about the corporation or entity and its management as well as financial statements. No securities regulatory authority in the United States has either approved or disapproved of the contents of any newsletter.
April To May 2019, The ESMining Stock Moved About 500% Within 4-5 Weeks.
Given the considerable upside potential, we can make that move again -
and still, it is dirt-cheap.
The paid article is rather old yet most of it is still relevant today;
Dare to Think about $2,100
This past week, two major events happened that are extremely important for the gold sector.
They're so fundamental to the future price of gold that we must first look at them closely and understand their critical significance.
The first of them is the revelation that the U.S. economy is officially entered a recession.
It was almost inevitable that we enter a recession, since the previous quarters were some of the highest-growth GDP eras in the past 60 years, so I wouldn't call this recession a deep and systemic depression, but the algorithms don't care about the nuances… it cares about numbers.
I don't like beating around the bush and that's what Biden and Yellen are doing… it would be much more productive to tell the American people that the numbers don't lie, but that they're not surprised by this, since it followed the biggest GDP prints in decades, to add context.
Biden rhetoric or not, a recession means that the dollar index is probably going to peak shortly, if it hasn't already and that is crucial for gold.
As you can see below, the FED's confidence that they've done a fair amount of frontloading rate hikes, while shared by many on Wall Street, has still not fully translated into tamed inflation, because the PCE, which the central bank considers to be more accurate than CPI, is still showing 1982-era highs!
Jerome and Joe, the numbers don't lie… don't massage them:
Courtesy: Zerohedge.com, Bloomberg
Once the GDP numbers came out, the market immediately turned on their consensus of 6 more rate hikes and slashed their forecast by 0.50%, enough to send gold up by nearly $100 already!
What's incredible is that the giant-tech companies that comprise the bulk of Wall Street's barometer (AMZN and AAPL) both reported incredible earnings, during a recession, while the global geopolitical situation is in chaos, despite the most challenging logistics crisis in decades and gives me hope that businesses have weathered the big storm quite well… more reasons to continue to stick by our stance that a soft landing is doable.
Investors keep thinking real estate is going to crash by a kamikaze airplane, but months go by and still no real sign of a dismal crash, so between the technical recession and the very robust jobs market, the FED doesn't need to keep hiking aggressively into a recession!
The 2nd major event that happened on Wednesday was the FED interest rate hike and the subsequent Q?&A session, because it revealed that the FED no longer believes it is chasing inflation.
The Federal Reserve has managed to quickly and aggressively bring interest rates to over 2.25% and the world didn't end…
What I'm seeing is that for the first time in 13 years, the default mode of paying excessive prices for growth, because interest rates are zero-bound, is gone.
This also tells me that bonds will outperform stocks, a classic sign that gold will outperform both!
If you look at the chart below, you'll see that between 2000 and 2003 and between 2009 and 2011, when bonds provide higher gains than stocks do, gold and silver HAVE THEIR BEST years.
We believe that the next 18 months will be epic!