| The Market Oracle Newsletter
8th April, 2019 | The Gold Stock Of The Decade Dear Reader, THE GOLD STOCK OF THE DECADE
10 Million Ounces Of Gold
On The Table… Euro Sun Mining (TSE: ESM, OTCPK:CPNFF) could be the Gold Stock of the Decade.
This company has EVERYTHING investors are looking for:
- SIZE--10 million ounces of gold equivalent, in Europe, permitted for production in an area where large scale mining has been done for over 100 years.
- Only 71 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.
This company has leverage both in the ground and in the share structure, and a management team that can--and has--delivered the goods.
Here’s the numbers:
 Great Location, Permitted, Highly Economic
Investors have abandoned this sector, and nobody is looking at what these companies are actually doing.
Euro Sun Mining (TSE: ESM, OTCPK:CPNFF) 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. But nobody knows about it
Rovina is officially #14 in the world for gold deposits. And 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.
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. This is HUGE!
Another huge 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.
The only drawback? Euro Sun shareholders get robbed of this project with a near-term takeover by a larger player for just a triple or quadruple on their money. Shareholders deserve MUCH more.
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.
Developing this mine will be so simple--nobody has to move, there’s no 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.)
Rovina has: - low capital costs,
- low operating costs,
- skilled local labor,
- PERMITS,
- 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.
But the kicker here is what CEO Scott Moore has done in the very recent past…
CEO SCOTT MOORE HAS MADE OVER $1 BILLION
FOR HIS SHAREHOLDERS!!
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 brownfields development, not greenfields, which is discovering a new deposit and turning it into a mine 10 years later.
He and his team buy an unloved asset with some warts on it, 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:
If Moore had just 1 million ounces in Tim-buck-too, I would back this man. He delivers.
But here he has TEN MILLION OUNCES of gold equivalent, in a European country. 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.
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 times for this deposit before convincing the seller to part with it. Last year, Euro Sun was $1.80/share with this asset and no permit!
The Right Place, The Right Time Euro Sun (TSE: ESM, OTCPK:CPNFF) has a management dream team, and this Rovina deposit will likely go down in history…
Gold stocks are finally back on investors’ radars and when Euro Sun hits the mainstream media, it’s likely that it will move BIG and FAST.
Investors that take an early stake in this potential Gold Stock of the Decade could win big.
By. Charles Kennedy
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