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 templetoothon Dec 08, 2017 3:08pm

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Post# 27120135

RE:RE:RE:RE:Belo Sun Mining Closes C$75 Million Bought Deal Financing

Re Asanko, I just don't know. You are probably well aware that Cohodes or some other well known short seller strongly pounded the table saying their reserve numbers were out to lunch.

In my experience, short seller research is worth plenty more than the usual stuff you get from sell-side analysts. Whether in this case the gold is there is well beyond my pay grade.

As an aside, I think that African miners in general are susceptible to the possible spread of Tanzania-itis, a la Acacia. That said, I have a small position in Roxgold, the poster child for Value Trap! Oh well, can't win 'em all.

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