RE:RE:RE:RE:RE:RE:RE:RE:RE:So what's Belosun's strategy here, buyout? production mine?Simple, this ran on the speculation that a major such would take them out . There is little interest in this deposit without sustained 1500 + gold. Permitting etc is a mild issue, but considering belo monte dam is being built, environmental concerns for the mine pale in comparison. It is an excellent deposit and will likely be developed but the timelines have been pushed down the road.
Most undeveloped open pit projects are currently valued at about 15 -30 USD per oz in the ground .