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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
Post by templetoothon Dec 06, 2017 1:58pm
168 Views
Post# 27102777

I would like to know...

I would like to know...
Rather than gnashing teeth over perceived corruption, I think people here should realize that there have been two court rulings against this project. I personally would like to see the company post to their website an English translation of the Supreme Court ruling when it becomes available. I would then, perhaps, be able to make a decision for myself as to how deep a regulatory hole the company is in.

Further to this "full disclosure", I would like to know how long will it take to prepare a new, compliant Indigenous Study. And, after submitting such new study, what is the company's best guess as to how long the review period would run. Just as important, after such review and presuming a new construction licence is issued, would there be an appeal period as in Canada that would delay construction, or does Brazil allow construction to begin  immediately? I would expect the former, but I just don't know.

Meanwhile, this fiasco makes me feel VERY comfortable with my investment in Lydian!
Bullboard Posts