The second-biggest gold mine in Europe could be about to make investors rich.
It’s a story that began over 2,000 years ago when the Romans dug up $16.8 billion in gold in Romania... Using only hammers and buckets.
But now, a little company with a big dream is coming to unearth the rest.
Using modern technology, they’re hoping to capitalize on an estimated $13.3 billion find.
Smart investors are watching this once in a lifetime discovery like hawks.
GMP research says this little company could realize $550 per ounce profit...
And the mine is so exciting, Barrick Gold invested $20 million to develop it.
The company’s stock, according to Cantor Fitzgerald, “is inexpensive by any and all metrics.”
Based at their mine in Rovina, Romania, Euro Sun has 400 million tons of ore, with billions of dollars’ worth of gold and copper locked inside.
Cantor Fitz thinks they are undervalued by 500% and GMP Research predicts a 671% gain.
With such a huge discovery ready for the taking, this could be the gold story of 2019.
Plus, any small move on the gold market could turbo-charge the company’s growth… from 5x to 10x to even 30x its current market cap.
Here are five reasons investors should not miss out on the biggest gold story of 2019:
#1 Julius Caesar’s $13 Billion Gold Stash Re-Discovered
Euro Sun has secured an asset of colossal value: a Romanian gold mine that was first proven to contain a massive payday one hundred years ago.
The Ancient Romans excavated $16.8 billion in gold from this area of Romania, minting coins that were dispersed across an empire 11 million square miles in size.
Modern research indicates that Europe still has billions in gold tucked away, with hundreds of mines sitting around just waiting for re-activation.
The problem? Permits are labor-intensive and sometimes impossible, thanks to EU regulation.
Back when permits were available, Barrick Gold (NYSE:ABX), the world’s most valuable gold miner, got in on the action: the company pumped in $20 million to develop Rovina.
Now Rovina is owned by Euro Sun… and Euro Sun has done the impossible... it just got the green light from the Romanian government.
The Rovina mine has been classified as a “highly scalable” asset, with an unprecedented growth potential, according to Cantor Fitzgerald.
Mines like Rovina are hard to come by, even though the area is rich in ore.
The mining license from the Romanian government was approved in November 2018 – the first license to have been given out in over 15 years.
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.
In February 2019, Euro Sun completed its Preliminary Economic Assessment (PEA) for Rovina. The mine looks ready to produce an average gold equivalent of 139,000 ounces and 1.6 million over twelve years.
All told, the company is looking at $9.3 billion in gold and $4 billion in copper… a total haul of $13.3 billion.
Better yet, the mine is perfectly situated near a Romanian mining town, with a population of 13,000. Road and rail transportation 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 insane.
And even just a tiny move in gold will send it even higher.
#2 Small Climbs In Gold Mean Massive Gains For Gold Miners
Analysts are optimistic that prices are set to climb even high, potentially exceeding $2,000/ounce, due to wavering markets and shaky geopolitical conditions.
Right now, gold stocks are trading for pennies on the dollar, as they have been since January.
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:
…but some of the real winners were the shareholders of small-cap miners.
Argonault Gold’s share price jumped 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.
And when gold goes up, little companies like Euro Sun fly.
But that’s not the end of this story. There’s a bigger -- nearby -- catalyst.
#3 China Just Spent $1.4 Billion On A Small Mine Just 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 is making a big global investment push, as part of its $900 billion “Belt and Silk Road” initiative.
Chinese investment along the road is surging, covering 68 countries.
China wants to acquire assets along the Silk Road route—gold, silver, copper, you name it—and that route runs right through Romania.
And the Chinese have just paid $1.4 billion to acquire another mining asset…which sits right down the street from Euro Sun...
China’s nearby acquisition could also take years to fully license.
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 500%” -- Cantor Fitzgerald “671% 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 500% and GMP Research predicts a 671% gain.
#5 Europe’s Second Biggest Gold Mine Could Be Worth 30x More
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.
GMP puts Euro Sun’s short-term target at $2.10. That’s a 500% increase from its current price.
And Cantor Fitz goes even further: they reckon Euro Sun is worth $2.70, an increase of 671%.
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.
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.
By. Charles Kennedy
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