Belo Sun Mining Corp T.BSX

Alternate Symbol(s): BSXGF

Metals & Mining Gold

Belo Sun Mining Corp. is a Canada-based development and mineral exploration mining company. The Company is advancing Brazil's undeveloped gold deposit at the Volta Grande Project in Para State. The Volta Grande Project is situated in the Tres Palmeiras greenstone belt in Para State, Brazil. Although the project's mining license covers 2400 hectares (24 square kilometers), the actual area dedicated to the mining operation is much smaller, encompassing only about 10 square kilometers. The Volta Grande Gold Project is accessible by both road and river. Altamira is a major regional center with a population of 150,000 and is serviced by a local airport and the Trans-Amazonian Highway. The Volta Grande Project's mineral resources are divided into two areas: the North Block and the South Block. The North Block comprises four zones: Ouro Verde, Junction, Grota Seca, and Greia. The South Block is situated approximately 10 kilometers to the south-east.

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Belo Sun Mining Corp

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Post by BFREE2on Aug 18, 2010 9:52am

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Post# 17360546

Last Financing

24MM shares priced at 25 cents......free trading as of early July.

You can see where the SP was run-up from that point and topped out at 46 cents and you can bet that, during that time, a lot of those 25 cents shares were moved into the hands of others. Still lots of them left though, I'm sure.

Yesterday's news was good, in my own non-expert opinion, but apparently not good enough to support the $80MM vulation of the last few weeks. At least that's what the market is telling us.

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