One of the most undervalued gold stocks around? Eu
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Posted On: 12/12/2020 11:25:02 AM
One of the most undervalued gold stocks around? Euro Sun Mining (TSX:ESM | OTCQB:CPNFF)
Euro Sun Mining
THERE ARE NO TWO WAYS ABOUT IT; GOLD IS BOOMING.
The ultimate safe-haven asset has shot up almost 30% over the last 12 months and recently crossed $1,800 an ounce (“/oz”) for the first time since 2011.
This already puts the precious metal among this year’s top performers.
Still, many analysts expect the bull run to continue well into the future – some even see the precious metal passing through $5,000/oz!
Institutional investors are now on the hunt for the highest-quality gold developers likely to prosper the most in these conditions.
After all, if history has taught us anything, it’s that we are likely approaching an intense phase of gold market M&A activity, as cashed-up gold miners look for ways to boost their reserves.
Against this backdrop, one stock that has just captured incredible institutional backing is Euro Sun Mining (TSX:ESM | OTCQB:CPNFF).
This Canadian gold developer has attracted more than $20 million of smart money in the last three months alone to accelerate advancement of its 100%-owned Rovina Valley gold and copper project in Romania.
With few milestones remaining before this 10-million-ounce monster can enter the construction phase, a re-rate of Euro Sun’s current C$53.2 million market cap could very well be on the cards.
Euro Sun Mining
THERE ARE NO TWO WAYS ABOUT IT; GOLD IS BOOMING.
The ultimate safe-haven asset has shot up almost 30% over the last 12 months and recently crossed $1,800 an ounce (“/oz”) for the first time since 2011.
This already puts the precious metal among this year’s top performers.
Still, many analysts expect the bull run to continue well into the future – some even see the precious metal passing through $5,000/oz!
Institutional investors are now on the hunt for the highest-quality gold developers likely to prosper the most in these conditions.
After all, if history has taught us anything, it’s that we are likely approaching an intense phase of gold market M&A activity, as cashed-up gold miners look for ways to boost their reserves.
Against this backdrop, one stock that has just captured incredible institutional backing is Euro Sun Mining (TSX:ESM | OTCQB:CPNFF).
This Canadian gold developer has attracted more than $20 million of smart money in the last three months alone to accelerate advancement of its 100%-owned Rovina Valley gold and copper project in Romania.
With few milestones remaining before this 10-million-ounce monster can enter the construction phase, a re-rate of Euro Sun’s current C$53.2 million market cap could very well be on the cards.
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Robert
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