How To Buy Gold For $3 An Ounce / Commodities / Gold & Silver 2019
Wall Street knows it, and wealthy investors know it, too: Fear sends gold soaring.
And right now, there’s so much fear floating around the market that gold isback on everyone’s radar.
But what most investors don’t know, is that gold can be bought at deep discounts.
Gold is soaring closer and closer to $1,500 per ounce right now…
But imagine you could get your hands on it for just $3 an ounce.
That’s exactly what Wall Street is doing.
It does this bytargeting junior miners with major upside…
Finding the undervalued global gold assets that will becomethe heart of the next gold boom.
And if the research by Cantor Fitzgerald and GMPResearch is anything to goby…
There is one company that simply cannot be ignored.
Euro Sun Mining (TSE:ESM, OTCPK:CPNFF), owner of the secondlargest gold mine in Europe.
In fact, Canton Fitzgerald estimates that Euro Sun could be undervalued byas much as 500%...
While GMP Research predicts a 671% gain.
That’s because we are running out ofgold, and with geopolitical and economic fearssoaring – the majors know that they need to find more.
And that’s where junior miners like Euro Sun are set to win big.
It’s all happening in Romania. At amine estimated to have over $13 billion in gold well within reach.
Euro Sun (TSE:ESM, OTCPK:CPNFF) now has 100% ownership in roughly 400 million tons ofore in three discreet bodies consisting of an estimated 7.1 million ounces ofgold and a billion and a half pounds of copper working out to about 10.1 million ounces of gold equivalent .
So how do you get discount gold?
These are the math facts:
So, instead of paying your broker around $1,500 anounce for gold, you can get it for under $3.
A Wildly Undervalued Company
At a current gold price of $1,490per ounce, Euro Sun (TSE:ESM, OTCPK:CPNFF) is sitting onan estimated $15 billion in gold and copper revenue.
Yet, the company is currentlyvalued at ~$26 million.
Rovina’s low AISC (All-in Sustaining Costs) of $752 an ounce leaves a healthyprofit margin of $550 an ounce at current gold prices and a $60-$70 millionfree cash flow every year.
This implies that Rovina and,consequently, Euro Sun Mining (TSE:ESM, OTCPK:CPNFF), should be valued much higher.
In other words, right now, Euro Sun could be worth 140X its current value.
Again, Euro Sun is trading at only $0.32right now, with a market cap of only ~$26 million (at the time of writing).
Analysts knowit’s worth more, perhaps far more.
Cantor Fitzgerald’sshort-term price target is $2.10.
That would equal amassive 1,000% upside.
GMP Research hasgiven it a $3.00 price target, equivalent to a potential 1,500% increase.
And The Opportunity Is Getting Even Bigger
Investors arerunning for safe havens for two reasons:
In the middle of a never-ending trade war, smart money is alreadymoving into hard assets because they see the equities bull run has gone on forfar too long. It’s going to reverse, and gold is the key hard asset. That’swhere everyone goes, first.
Recessionis the anticipation amid a global economic slowdown that has seen a flatteningof corporate profits.
As billionaire investor Paul Tudor recently told Bloomberg, gold has everythinggoing for it right now andcould zoom to $1,700 per ounce in a matter of months.
But the real money isn’t in buying the bullion itself…
It’s in getting exposure to gold at a discount. A technique for buying ouncesof gold at cents to the dollar.
In 2016, when gold prices soared 26% in 6 months, mid-cap miners such asEndeavour Mining Corp gained 196% in6 months, while its Ontario based competitor IAMGold gained 256% in that same timeframe.
…but some of the real winners were the shareholders of small cap miners.
Argonaut Gold’s share price jumped 298% in 6 months, and its peer Great Panther Mining saw its share price even jump bya whopping 340% in no more than 4 months after it reported a 19% rise in gold production.
But nothing comes close to what Euro Sun (TSE:ESM, OTCPK:CPNFF) could do … this is definitely thebiggest discount gold story of the year.
Gold mining is a tough business and getting progressively harder with theeasy-hanging fruit in open pit mines now mostly gone. For every ounce a Barrickpulls out of the ground - they typically have 11-12 ounces in undevelopedprojects.
A large operator might have 60-80 million ounces of gold in proven reserves.
You can generate phenomenal returns by owning shares in A+ level companies,with A+ level deposits that aren’t yet in production.
Instead of paying $1,450 per ounce from your gold broker…
You can pay $100… $50, $25…even $3 per ounce. When gold inevitably skyrockets -you’ll benefit from extraordinary leverage.
$15B In Gold Ready to Get Out of the Ground—Now
Euro Sun (TSE:ESM, OTCPK:CPNFF) isn’t just hugely undervalued; it’salso been completely authorized.
LastNovember, Euro Sun defied the market by getting the approval and endorsement togo ahead with the Rovina Valley project after no one was allowed to touch itfor over a decade.
This April, they got the green light to begin mining activities.
Now they’re advancing it to construction. When Euro Sun did get the permit, themarket was caught sleeping. It had already priced in the lucrative RovinaValley as a definitive no-go.
Right now, gold is trading just under $1,500. If it bumps any higher--and plentyof bulls think it will--that undervaluation undergoes an even wider gap.
5 Reasons to Keep A Close Eye on Euro Sun (TSE:ESM, OTCPK:CPNFF)
#1The best discount gold story in years
#2Undervalued by 600-900% at $0.32/share with price targets of $2.10-$3.00/share
#3$17M market-cap company sitting on $15 billion in potential gold and copperrevenue
#4 Ateam led by legendary Canadian billionaire and mining financier Stan Bharti who has raised over $3 billion in capital forjunior resource companies and their shareholders
#5 Fully permitted and de-risked, Rovina Valley is thesecond-largest gold mine in all of Europe
Discountgold like this simply won’t last. Euro Sun has defied the market once, but themarket will wake up to it soon.
There’s an art to thriving in a market downturn—and it’s all aboutgold.
Gold stocks have been beaten down for far toolong, and now they are just like a high-tension spring - ready to explode atthe slightest nudge.
Gold has everything going for it right now, with geopolitical and macroeconomictrends aligning in its favor.
Even if gold doesn’t continue soaring towards to $2,000 anounce, the upside on Euro Sun (TSE:ESM, OTCPK:CPNFF) is all the same because it’s sittingon an estimated over 10 million ounces of gold and copper that can be extractedat under $800 an ounce.
Any way you lookat it, this is gold for under $3 an ounce, but there’s no way that can last.
By. Ian Marsh
IMPORTANT NOTICE AND DISCLAIMER
PAID ADVERTISEMENT. Thiscommunication is a paid advertisement. Oilprice.com, Advanced Media SolutionsLtd, and their owners, managers, employees, and assigns (collectively “thePublisher”) is often paid by one or more of the profiled companies or a thirdparty to disseminate these types of communications. In this case, the Publisherhas been compensated by Euro Sun Mining, Inc. to conduct investor awarenessadvertising and marketing. Euro Sun Mining paid the Publisher fifty thousand USdollars to produce and disseminate this and other similar articles and certainbanner ads. Euro Sun Mining also paid the Publisher additional sums ascompensation for other marketing services earlier this year. This compensation should be viewed as a majorconflict with our ability to be unbiased.
Readers shouldbeware that third parties, profiled companies, and/or their affiliates mayliquidate shares of the profiled companies at any time, including at or nearthe time you receive this communication, which has the potential to hurt shareprices. Frequently companies profiled in our articles experience a largeincrease in volume and share price during the course of investor awarenessmarketing, which often ends as soon as the investor awareness marketing ceases.The investor awareness marketing may be as brief as one day, after which alarge decrease in volume and share price may likely occur.
Thiscommunication is not, and should not be construed to be, an offer to sell or asolicitation of an offer to buy any security. Neither this communication northe Publisher purport to provide a complete analysis of any company or itsfinancial position. The Publisher is not, and does not purport to be, abroker-dealer or registered investment adviser. This communication is not, andshould not be construed to be, personalized investment advice directed to orappropriate for any particular investor. Any investment should be made onlyafter consulting a professional investment advisor and only after reviewing thefinancial statements and other pertinent corporate information about thecompany. Further, readers are advised to read and carefully consider the RiskFactors identified and discussed in the advertised company’s SEC, SEDAR and/orother government filings. Investing in securities, particularly microcapsecurities, is speculative and carries a high degree of risk. Past performancedoes not guarantee future results. This communication is based on informationgenerally available to the public and on an interview conducted with thecompany’s CEO, and does not contain any material, non-public information. Theinformation on which it is based is believed to be reliable. Nevertheless, thePublisher cannot guarantee the accuracy or completeness of the information.
FORWARD LOOKING STATEMENTS. Thispublication contains forward-looking statements, including statements regardingexpected continual growth of the featured companies and/or industry. ThePublisher notes that statements contained herein that look forward in time,which include everything other than historical information, involve risks anduncertainties that may affect the companies’ actual results of operations.Factors that could cause actual results to differ include, but are not limitedto, the success of the company’s exploration operations, the size and growth ofthe market for the companies’ products and services, the companies’ ability tofund its capital requirements in the near term and long term, pricingpressures, etc.
INDEMNIFICATION/RELEASE OF LIABILITY. By reading thiscommunication, you acknowledge that you have read and understand thisdisclaimer, and further that to the greatest extent permitted under law, yourelease the Publisher, its affiliates, assigns and successors from any and allliability, damages, and injury from this communication. You further warrantthat you are solely responsible for any financial outcome that may come fromyour investment decisions.
TERMS OF USE. By reading thiscommunication you agree that you have reviewed and fully agree to the Terms ofUse found here http://oilprice.com/terms-and-conditions If you do not agree tothe Terms of Use http://oilprice.com/terms-and-conditions, please contactOilprice.com to discontinue receiving future communications.
INTELLECTUAL PROPERTY. Oilprice.com isthe Publisher’s trademark. All other trademarks used in this communication arethe property of their respective trademark holders. The Publisher is not affiliated, connected,or associated with, and is not sponsored, approved, or originated by, the trademarkholders unless otherwise stated. No claim is made by the Publisher to anyrights in any third-party trademarks.
OilPrice.com Archive |
© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.