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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
Post by templetoothon Dec 06, 2017 1:58pm
164 Views
Post# 27102777

I would like to know...

I would like to know...
Rather than gnashing teeth over perceived corruption, I think people here should realize that there have been two court rulings against this project. I personally would like to see the company post to their website an English translation of the Supreme Court ruling when it becomes available. I would then, perhaps, be able to make a decision for myself as to how deep a regulatory hole the company is in.

Further to this "full disclosure", I would like to know how long will it take to prepare a new, compliant Indigenous Study. And, after submitting such new study, what is the company's best guess as to how long the review period would run. Just as important, after such review and presuming a new construction licence is issued, would there be an appeal period as in Canada that would delay construction, or does Brazil allow construction to begin  immediately? I would expect the former, but I just don't know.

Meanwhile, this fiasco makes me feel VERY comfortable with my investment in Lydian!
Bullboard Posts