Loading ...gold miners: what about Euro Sun Mining TSX:ESM ?
hello, this is my first post at the tent.
i’m looking to invest in some gold miners (long term) and i found that in my country, Romania (member of European Union), is the second largest gold deposit in Europe, estimated at 10.11 million ounces of gold and ~600000 tonnes copper, and is own by Euro Sun Mining TSX:ESM.
It has permit to extract for 20 years, and this year, in june, has raised the money needed to begin the next phase: apply and obtain for construction permit, start building the mine and begin extraction of gold & copper (the money came from Sprott Capital Partners LP and BMO Nesbitt Burns Inc).
The CEO of Euro Sun Mining stated that next year (2021) they want to begin the extraction.
The shares are very cheap, ~0.5 C$.
What is your opinion about this mine? Has potential? the shares, on long term, it is possible to reach 5 C$ or 10 C$ ?
link to website http://eurosunmining.com
Welcome to the tent Rusu
I do not follow Euro Sun Mining
Didn’t know there was so much Gold in Romania
My grandparents all came from Romania…a place called Vaslui
Do you know of it ?
best Fully
Hi Sir Fully, i know Vaslui. My parents are from Iasi, town near Vaslui.
Regarding Romania and gold: it has a long history; from the zone called “Golden Quadrilateral” it has been extracted for a long time and a lot of gold is still to be extracted from the earth.
Here is an old article from the gold&silver analyst Sir Dan Popescu https://popescugolddotcom.wordpress.com/2016/08/27/romania-and-gold-a-6000-years-relation/
This project has been around for decades.
It has never got off the ground due local political corruption and environmental concerns.
Why take the risk, when there are better jurisdictions with better projects around?