Now Rovina is owned by Euro Sun… and Euro Sun has done the impossible… it just got its hands on a mining permit.
The Rovina mine has been classified as a “highly scalable” asset, with an immense growth potential, according to Cantor Fitzgerald.
Mines like Rovina are hard to come by, even though the area is rich in ore.
And Euro Sun (TSE: ESM, OTCPK:CPNFF) has gotten around its toughest problem – acquiring the licenses it needs to start developing Rovina’s full potential.
The mining license from the Romanian government was approved in November 2018 – the first license to have been given out since 2003.
A resource statement from 2012 offers a view of the potential riches: 400 million tons of ore in three bodies, roughly 7.1 million ounces of gold and a billion and a half pounds of copper, or 10.1 million ounces of gold equivalent.
But one thing that investors and speculators often forget, is how explosive gold-stock upside is when gold moves higher.
And, when gold goes up, gold companies tend to do very, very well.
Every 1% move in gold can send a small miner up 10% or more… And a 10% move can send a small miner up 100% or more.
Back in 2016, gold prices jumped 26% in 6 months… and gold miner returns were stellar:
Mid cap miners such as Endeavour Mining Corpgained 196% in 6 months, while its Ontario based competitor IAMGoldgained 256% in that same timeframe.
…but some of the real winners were the shareholders of small cap miners.
Argonault Gold’s share pricejumped 298% in 6 months, and its peer Great Panther Mining saw its share price even jump by a whopping 340% in no more than 4 months after it reported a 19% in gold production.
Companies like Euro Sun (TSE: ESM, OTCPK:CPNFF) could start selling at a premium…for investors who don’t snatch them up now.
And when gold goes up, little companies like Euro Sun go up multiples higher.
But this story get’s even better. There’s a bigger — nearby — catalyst.
#3 Speculation: Euro Sun to be Acquired by Chinese Soon? China Just Spent $1.4 Billion Down the Street.
With this incredible find, it’s no wonder that analysts are starting to speculate about Euro Sun…
Could the company be snatched up soon, delivering a huge windfall to early investors?
It’s certainly a strong possibility.
Analysts in the mining sector are already hinting that Euro Sun could be acquired.
And we think China might have a part to play because they just spent $1.4 billion to acquire a mine right down the street from Euro Sun.
China’s nearby acquisition could also take years to fully license.
And Euro Sun (TSE: ESM, OTCPK:CPNFF), on a site with ZERO ancient ruins is even better positioned for a multi-billion dollar payday.
The Rovina mine is fully licensed. It’s poised to become one of the biggest gold and copper mine in Europe.
It’s right next to a major Romanian mining town of Brad, which has already excavated $17 billion in gold in the last 100 years.
In fact, Brad’s coat of arms prominently features a mining cart. There’s ample access to talent, transportation and infrastructure… as well as a nearby sea port.
Soon, this story will hit the shores of America.
#4 “Undervalued by 218%” — Cantor Fitzgerald “355% Gain” — GMP Research
In 2016, GMP declared Euro Sun the “new old kid on the block,” declaring the company had 10 MILLION OUNCES in gold equivalent waiting to be dug up.
And the numbers look even better now than they did two years ago.
At current prices, Euro Sun could realize $550 in profit per ounce… resulting in total revenue of $5.5 billion from Rovina alone.
It’s no wonder that GMP noted Rovina has “robust economics and upside…If another ounce is never found, Euro Sun already owns a potentially extremely robust project.”
GMP’s estimate has been upheld by Cantor Fitzgerald, which completed its own estimate in early 2019.
The deposit at Rovina “carries strong economics on a standalone basis.” The only thing holding Euro Sun back is the fact this is happening in a small company… far away from the lights of Wall Street.
But as we already explained, that could change in a flash…once this story gets out.
The management at Euro Sun (TSE: ESM, OTCPK:CPNFF) knows what it’s doing. The company is led by CEO and President G. Scott Moore, a business executive with twenty-five years’ experience in the resource sector, and the former EVP of Sulliden Gold and Director of Avion Gold.
Moore and his team have cultivated excellent political conditions in Romania, evidenced by their successful acquisition of a license for the Rovina mine.
And now all they need is the capital to take Rovina to the next level…and turn it into one of the largest gold mines in Europe.
Cantor Fitz thinks they are undervalued by 218% and GMP Research predicts a 355% gain.
#5 The 2nd Biggest Gold Mine in Europe Could Soon 30X
And it could go much higher…
When gold moves a little, miners like Euro Sun can move A LOT.
And the company has already gotten positive attention.
Barrick, the world’s largest gold miner, once invested $20 million into the Rovina mine. The asset has been developed and has fallen into Euro Sun’s lap. Now all it needs to do is exploit it.
Cantor Fitzgerald puts Euro Sun’s short-term target at $2.10. That’s a 218% increase from its current price.
And GMP goes even further: they reckon Euro Sun is worth $3.00, an increase of 355%.
This is a company with a phenomenal upside.
It’s got a fully-licensed gold mine in Romania, the only one of its kind, that could be the biggest gold mine in Europe… an asset potentially worth $10.1 billion.
And that’s only if prices stay where they are! If gold edges above $1400/ounce, profits from Rovina could be even higher.
If China comes calling, Euro Sun (TSE: ESM, OTCPK:CPNFF) stock could be worth 5x or 6x what it is now…
As it becomes the #1 gold mine in Europe.
And if its billions in profits are one day realized, that 5x could turn into 30x… A company to rival Barrick in size and value.
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