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Belo Sun Mining Corp T.BSX

Alternate Symbol(s):  BSXGF

Belo Sun Mining Corp. is a Canada-based mining company with a portfolio of gold-focused properties in Brazil. The Company is focused on the development of the Volta Grande Gold Project. The Volta Grande Gold Project covers over 2,400 hectares within the 'Tres Palmeiras' greenstone belt. The Volta Grande Gold Project is located in Para State, Brazil, approximately 60 km south-east of the city of Altamira. Altamira is a major regional center with a population of approximately 150,000 and is serviced by a local airport and the Trans-Amazonian Highway. The mineral resources on the Volta Grande Gold Project are subdivided in two areas: North Block and South Block. The North Block includes four zones; Ouro Verde, Junction, Grota Seca and Greia; the South Block is located approximately 10 km south.


TSX:BSX - Post by User

Bullboard Posts
Comment by wwadehammeron Jun 08, 2015 6:57pm
73 Views
Post# 23808965

RE:new June presentation posted on website

RE:new June presentation posted on websiteNew milestone timeline on page 17 is interesting.  Expecting construction approval in December - only seven months from now.  No mention of indiginous study.  What's your take Ben?  Is the indiginous study no longer worth mentioning for some reason?

At todays share price, the break-even point for return on investment is price of gold at $835 an ounce based on the feasibility study.  Hard to see gold dropping that much.

Ben, has there been any drilling between the two proposed pits and the south block?  I think there has been but the presentation says they want to drill there first and then to an area northeast of the two pits.  Haven't been able to find any mention of that area in past news releases.

Presentation implies possibility of other big finds once the two pits start generation cash flow.  Might be pie in the sky but there's seven million ounces at least.  Hard to see why share price still so low.  Guess the Fed is still scaring away investors in gold.
Bullboard Posts