The Biggest Gold Story Of 2019 / Commodities / Gold and Silver Stocks 2019

By OilPrice_Com / April 08, 2019 / marketoracle.co.uk / Article Link

Commodities

Europe’s 2nd biggest gold mine could beabout to make early investors rich.

This story beginsover 2,000 years ago when the Romans dug up $16.8 billion in gold in Romania...Using hammers and buckets.

And now a little company with big ambitionsis coming back to the same site to unearth the rest.

Using modern technology, they’re hoping to exploit an estimated$13.3 billion find.


Smart investors are following this once ina lifetime discovery closely.

GMP research says this little company couldrealize $550 per ounce profit...

And their mine is so promising, BarrickGold have invested $20 million to develop it.

The company’s stock, according to CantorFitzgerald, “is inexpensive by any and all metrics.”

That’s right. It’s a steal because fewpeople -- yet -- have heard the story of EuroSun Mining Inc. (TSE: ESM, OTCPK:CPNFF).

Based at their mine in Rovina, Romania,Euro Sun has 400 million tons of ore, with billions of dollars worth of goldand copper locked inside.

CantorFitz thinks they are undervalued by 218% and GMP Research predicts a 355%gain.

With such a huge find ready for the taking,this could be the gold story of 2019.

Plus, any small move on the gold marketcould accelerate the company’s rise… from 5x to 10x to even 30x its currentmarket cap.

Here are five reasons investors should notmiss out on the biggest gold story of 2019:

#1 Re-Discovered $13 Billion RomanianTreasure

Euro Sun has captured an asset of immensevalue: a Romanian gold mine that was first proven one hundred years ago.

The Ancient Romans excavated $16.8 billionin gold from this area of Romania, minting coins that were scattered across anempire 11 million square miles in size.

Modern research indicates thatEurope still has billions in gold locked away, with hundreds of mines sittingaround just waiting for re-activation.

The problem? Acquiring permits can belabor-intensive and sometimes impossible, thanks to EU regulation.

Back when permits were available, BarrickGold (NYSE:ABX), the world’s most valuable gold miner, got in on the action: the company pumped in $20 million todevelop Rovina.

Now Rovina is owned by Euro Sun… and EuroSun 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 CantorFitzgerald.

Mines like Rovina are hard to come by, eventhough 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 Romaniangovernment was approved in November 2018 – the first license to have been given out since 2003.

A resourcestatement from 2012 offers a view of the potential riches: 400 million tonsof ore in three bodies, roughly 7.1 million ounces of gold and a billion and ahalf pounds of copper, or 10.1 million ounces of gold equivalent.

In February 2019, Euro Sun completed itsPreliminary Economic Assessment (PEA) for Rovina. The mine looks ready toproduce an average gold equivalent of 139,000 ounces and 1.6 million overtwelve years.

All told, the company is looking at $9.3billion in gold and $4 billion in copper… a total haul of $13.3 billion.

Better yet, the mine is perfectly situatednear a Romanian mining town, with a population of 13,000. Road and railtransportation is close at hand, ready to carry the mine’s product to market.

Based on the company’s current market cap,the upside potential here is incredible.

Any small move in gold will soon bring thisstory to the front page.

#2 When GoldMoves a Little, Little Miners Move Hundreds of Percent

NOW is the time to buy gold.

Analysts are optimistic that prices should continue to climb, potentially exceeding $1400/ounce, due todeclining gold stores.

Right now, goldstocks are trading cheap, asthey have been since January.

But one thing that investors and speculators often forget, is how explosivegold-stock upside is when gold moves higher.

And, when gold goesup, gold companies tend to do very, very well.

Every 1% move ingold can send a small miner up 10% or more... And a 10% move can send a smallminer 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 Corp gained 196% in 6 months, while itsOntario based competitor IAMGold gained 256% in that same timeframe.

…but some of thereal winners were the shareholders of small cap miners.

Argonault Gold’s shareprice jumped 298% in 6 months,and its peer Great PantherMining saw its share price even jump by a whopping 340% in no more than 4 months after it reported a 19% in goldproduction.

Companies likeEuro Sun (TSE: ESM, OTCPK:CPNFF) could start selling at a premium…forinvestors who don’t snatch them up now.

And when goldgoes up, little companies like Euro Sun go up multiples higher.

But this storygets even better. There’s a bigger -- nearby -- catalyst.

#3 Speculation: Euro Sun to be Acquiredby Chinese Soon? China Just Spent $1.4 Billion Down the Street.

With this incredible find, it’s no wonderthat 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 toplay because they just spent $1.4 billion to acquire a mine right down thestreet from Euro Sun.

China is making a big global investmentpush, as part of its $900 billion “Beltand Silk Road” initiative.

Chinese investment along the road issurging, covering68 countries.

China wants to acquire assets along theSilk Road route—gold, silver, copper, you name it—and that route runs rightthrough Romania.

Text Box:A WORLD CLASS GOLD VEIN FROM BRADMUSEUM OF MININGAnd the Chinesehave just paid $1.4billion to acquire another mining asset…which sits right down the streetfrom Euro Sun...

China’s nearby acquisition could also takeyears to fully license.

And Euro Sun (TSE: ESM, OTCPK:CPNFF), on a site with ZERO ancient ruins iseven better positioned for a multi-billion dollar payday.

The Rovina mine is fully licensed. It’spoised to become one of the biggest gold and copper mine in Europe.

It’s right next to a major Romanian miningtown of Brad, which has already excavated $17 billion in gold in the last 100years.

In fact, Brad’s coat of arms prominentlyfeatures a mining cart.  There’s ampleaccess to talent, transportation and infrastructure... as well as a nearby seaport.

Soon, this story will hit the shores ofAmerica.

#4 “Undervalued by 218%” -- CantorFitzgerald “355% Gain” -- GMPResearch

In 2016, GMP declared Euro Sun the “newold kid on the block,” declaring the company had 10 MILLION OUNCES in goldequivalent waiting to be dug up.

And the numbers look even better now thanthey did two years ago.

Text Box: “Undervalued by 218%” -- Cantor Fitzgerald “355% Gain” -- GMP ResearchAt currentprices, Euro Sun could realize $550 in profit per ounce… resulting in totalrevenue of $5.5 billion from Rovina alone.

It’s no wonder that GMP noted Rovina has “robust economics andupside…If another ounce is never found, Euro Sun already owns a potentiallyextremely robust project.”

GMP’s estimate has been upheld by CantorFitzgerald, which completed its own estimate in early 2019.

The deposit at Rovina “carries strong economics on a standalone basis.” The only thingholding Euro Sun back is the fact this is happening in a small company... faraway from the lights of Wall Street.

But as we already explained, that couldchange in a flash…once this story gets out.

The management at EuroSun (TSE: ESM, OTCPK:CPNFF) knows what it’s doing. The company isled by CEO and President G. Scott Moore, a business executive with twenty-fiveyears’ experience in the resource sector, and the former EVP of Sulliden Goldand Director of Avion Gold.

Moore and his team have cultivatedexcellent political conditions in Romania, evidenced by their successfulacquisition of a license for the Rovina mine.

And now all they need is the capital totake Rovina to the next level…and turn it into one of the largest gold mines inEurope.

Atthe time of writing, Cantor Fitz thinks they are undervalued by 218% andGMP Research predicts a 355% gain.

#5 The2nd Biggest Gold Mine in Europe Could Soon 30X

And it could go much higher...

When gold moves a little, miners like EuroSun can move A LOT.

And the company has already gotten positiveattention.

Barrick, the world’s largest gold miner,once invested $20 million into the Rovina mine. The asset has been developedand has fallen into Euro Sun’s lap. Now all it needs to do is exploit it.

Cantor Fitzgerald puts Euro Sun’sshort-term target at $2.10. That’s a 218%increase from its current price.

 And GMP goes evenfurther: 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 inRomania, the only one of its kind, that could be the biggest gold mine inEurope… an asset potentially worth $10.1 billion.

And that’s only if prices stay where theyare! 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 isnow...

As it becomes the #1 gold mine in Europe.

And if its billions in profits are one dayrealized, that 5x could turn into 30x… A company to rival Barrick in size andvalue.

But the time to get in on, Euro Sun (TSE: ESM, OTCPK:CPNFF) is now...

Before it begins its run to $3.00 or more.

By. Charles Kennedy

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