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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Comment by elgin1on Jun 27, 2014 12:59am

255 Views

Post# 22699316

RE:Problem, now there are no catalysts to move the price up now

Problem is they don't have enough cash to do a DFS. It will cost more than $20 million for it. RN costed around $10 million and their mine is located right next to a town. BSX is in a remote site engineers will have to go there etc very costly. So no DFS no project. At their cash burn rate, their have no funds. But largest problem is environmental permit. Even if they do get it, capex for construction will be so large project will not be feasible. How are they going yo raise cash? This will be at 10 cents soon.

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