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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 Monctonguyon Jul 24, 2019 11:02am
154 Views
Post# 29954575

Why BSX will go up

Why BSX will go up BeloSun will undoubtably be given the green light for their indigenous study simply due to the economic pressures of Brazil. Their economy is suffering not unlike the rest of the world and so they need revenue to maintain government coffers. Additionally, their President is very pro mining and anti environmental regulation. In a s nose, he is the trump of Brazil. Lastly, and perhaps most importantly, there is a current gold bull market. As gold continues to go higher, the economics of the mine become increasingly profitable and this will push all the decision makers from the folks at Sun Valley, to polititions, to the indigenous people themselves to realize the mine cannot be overlooked. Yes, there is some negative impact environmental speaking. But at some point, the impact of the benefits will outway the negative negligible effects of mining in the Amazon. Historicallly, people, governments, have always sided with the economics over cultural and environmental concerns, particularly when the economics far outway the negative implications of a mine. If gold hits $1500, (problaly less) Belo Sun will be given a full green light to move forward. 
Bullboard Posts