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

Bullboard Posts

Post by popoltraderon Feb 21, 2016 2:46pm

176 Views

Post# 24579746

Very nice value

In March 2015, the company completed a feasibility study highlighting a straightforward open pit mine that estimates an average annual production of 205000 ounces of gold for 17 years, with all-in sustaining costs of US $779 per ounce.

Actually gold price $1225.

$1225- $779 = $446

$446 x 205000 ounces of gold 1 year = $91 430 000

$91 430 000 x 17 years = $ 1 554 310 000

$1 554 310 000 / 359 632 915 shares = $ 4.32

Actually at $0.41 is very undervalued

10 bagger here

Bullboard Posts

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