Euro Sun Mining Part 2 of 4 - The Story Of Bulding a Mine.
(TSX:ESM | OTCQB:CPNFF) London stock exchange Q2 2021
Euro Sun Mining
ROVINA VALLEY – THE ROMANIAN GOLD PROJECT CAUSING A STIR
So, what is it about Euro Sun is causing such a stir among these gold mining and financial powerhouses?
For starters, with 10.11 million equivalent ounces of gold in the highly prized Measured and Indicated categories, Rovina Valley sits as the second-largest commercial gold resource in Europe.
And that’s not even counting the upside potential at the neighbouring Stanija prospecting permit, where sampling has returned grades of up to 25.9 grams per tonne gold and 0.34% copper.
As if this strong grounding in one of the world’s most stable and supportive mining jurisdictions was not enough, Euro Sun also leads the bulk of its peers when it comes to bringing its project into production:
Existing infrastructure and labour are already in place thanks to the nearby presence of the historic Barza mine.
In November 2018, Euro Sun became the first-ever non-state-owned firm in Romania to be awarded a mining licence thanks to its deep-set rooting in sustainable environmental, social, and governmental principles.
The firm has devised a two-phase to Rovina Valley’s development to maximize its net present value and internal rate of return.
Phase I will see the firm bring two pits called Rovina and Colnic into production as open-pits. An updated Preliminary Economic Assessment (“PEA”) in 2019 put Colnic’s output at 139,000 ounces of gold equivalent annually for 12 years at an average all-in sustaining cost of $752 an ounce.
Following this, Euro Sun will bring a third deposit called Ciresata into production as an underground deposit during Phase 2.
Taking all this into account, Eurosun is highly leveraged against gold prices.
When its PEA for Colnic was completed using a gold price of $1,325/oz, the project’s pre-tax Net Present Value (“NPV5”) came in at $228.1 million.
If we use today’s spot gold price, which has risen by 35% to roughly $1,808/oz, then this same NPV5 increases by 280% to $634 million!
(TSX:ESM | OTCQB:CPNFF) London stock exchange Q2 2021
Euro Sun Mining
ROVINA VALLEY – THE ROMANIAN GOLD PROJECT CAUSING A STIR
So, what is it about Euro Sun is causing such a stir among these gold mining and financial powerhouses?
For starters, with 10.11 million equivalent ounces of gold in the highly prized Measured and Indicated categories, Rovina Valley sits as the second-largest commercial gold resource in Europe.
And that’s not even counting the upside potential at the neighbouring Stanija prospecting permit, where sampling has returned grades of up to 25.9 grams per tonne gold and 0.34% copper.
As if this strong grounding in one of the world’s most stable and supportive mining jurisdictions was not enough, Euro Sun also leads the bulk of its peers when it comes to bringing its project into production:
Existing infrastructure and labour are already in place thanks to the nearby presence of the historic Barza mine.
In November 2018, Euro Sun became the first-ever non-state-owned firm in Romania to be awarded a mining licence thanks to its deep-set rooting in sustainable environmental, social, and governmental principles.
The firm has devised a two-phase to Rovina Valley’s development to maximize its net present value and internal rate of return.
Phase I will see the firm bring two pits called Rovina and Colnic into production as open-pits. An updated Preliminary Economic Assessment (“PEA”) in 2019 put Colnic’s output at 139,000 ounces of gold equivalent annually for 12 years at an average all-in sustaining cost of $752 an ounce.
Following this, Euro Sun will bring a third deposit called Ciresata into production as an underground deposit during Phase 2.
Taking all this into account, Eurosun is highly leveraged against gold prices.
When its PEA for Colnic was completed using a gold price of $1,325/oz, the project’s pre-tax Net Present Value (“NPV5”) came in at $228.1 million.
If we use today’s spot gold price, which has risen by 35% to roughly $1,808/oz, then this same NPV5 increases by 280% to $634 million!
Euro Sun Mining Inc (CPNFF) Stock Research Links
Robert
