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Belo Sun Mining Corp T.BSX

Alternate Symbol(s):  BSXGF

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.


TSX:BSX - Post by User

Bullboard Posts
Comment by elgin1on Nov 05, 2014 4:49pm
142 Views
Post# 23099271

RE:Who are the best possible candidates to buy BSX?

RE:Who are the best possible candidates to buy BSX?Nobody will buy it unless penies on the dollar. They dont have DFS or environmental approval. Capital costs are too high. Problem is at these low gold prices and the high burn rate - creditors might have a go at it. But most junior gold producers are in this position.  I dont think alot are going to survive and they wont be able to service the debt at these levels.   Look at CPN  they are at 2 cents and they are a gold producer!!!!!  They have too much debt.  BSX needs a DFS but this project wont come to fruitrtion until gold prices are at 2000 but will run out of cash before then.
Bullboard Posts