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Bluestone Resources Inc V.BSR

Alternate Symbol(s):  BBSRF

Bluestone Resources Inc. is a Canada-based precious metals exploration and development company. The Company is focused on opportunities in Guatemala. Its flagship asset is the Cerro Blanco Gold Project, a near surface mine development project located in Southern Guatemala in the department of Jutiapa. The Cerro Blanco gold project is located in southeast Guatemala approximately 160 kilometers by road from the capital, Guatemala City. It is located in the Jutiapa Department, approximately nine kilometers west of the border with El Salvador. The Company owns a 100% interest in Mita Geothermal through its subsidiary, Geotermia Oriental de Guatemala, S.A. Mita Geothermal is a geothermal energy resource located adjacent to Cerro Blanco and is seven kilometers from the Pan American Highway near the town of Asuncion Mita, in the region of Jutiapa in Guatemala. The Mita Geothermal project is located in southeast Guatemala approximately 160 kilometers by road from the capital, Guatemala City.


TSXV:BSR - Post by User

Comment by Pete1986on Sep 29, 2022 5:28am
71 Views
Post# 34994097

RE:RE:Guatemala’s constitutional court issued a ruling nullifying

RE:RE:Guatemala’s constitutional court issued a ruling nullifying Sure, the anti mining groups won't just go away. However, first of all you have to understand that those groups are a very small part of the local people. The majority of those are supporting the project and are in general pro mining, since they see the tremendous benefits in terms of economics but also in terms of developing the country in general. There is one thing those activists are pretty good at. Thety are a pretty small group but they are good in using social media by promoting their agenda. So all in all those acitivs are a very small minority which tries to follow their agenda against the majority of people.

Secondly, the entire government and in partiuclar the central government are extremyl supportive. That's not a matter of course in those countries and it shows the huge importance of those projects. In the news they also refer to previous rejected projects in Guartemala. They clearly express that this should not happen again since it had huge negative impact for the entire country.

Long story short, their is huge support for Blusteone. And of course BSR has to deliver the highest national and internationl standerds, but their is no doubt and the Lundins did a great job already. I remember the old days in Ecuador. Kinross were not able to develop the Fruta del Norte project. Today it belongs to the Lundins and its the best gold mine world wide. 

Current market cap is 48 mio USD. Taking a gold price of 1500 USD, NPV is around 4%. Once they get the permits share price will at least tripple. 
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