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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Post by jcw604on Dec 17, 2019 9:27pm

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Post# 30466572

stock price movement interpretations

I think the 1st spike in Aug is due to the speculation that the new head of SEMAS will soon approve that permit or that the court will only have the relocation of the indigenous as a condition to move forward. It is later found out that INCRA will also need to approve the concessions. The stock price recovered from 31 cents to the current price after receiving the above clarity from the court, despite big insider dumping, before the recovery. Now, it is just a waiting game, assuming BSX management will initiate their INCRA application at the right season, when INCRA has been reformed by it's new head.

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