Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 1:31pm
75 Views
Post# 34995355

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

RE:RE:RE:RE:Guatemala’s constitutional court issued a ruling nullifying Not sure if you got a good overview whats going on there. However, as I said, the pro mining community is much bigger than the anti mining. 
Taking the "referendum", which is not at all representive, only 8k from more than 30k voted for no. Only 9k participated, again, 30k were qualified to participate. And of course they got almost only no votes since this was not at all a representive and fair, so similar to those Russian referendums done in Ukraine just recently. 

Regarding the governemnt, all of them are pro mining since it brings thousand of jobs, millions or even billions from taxes and royalties, so economic growth and development. There is almost no other short term opportunity to generate USD income. 

Last but not least, in terms of the financing, we will see a re rating before they will raise the funds. And only around 30% will be equity. The rest will be debt and streams. Due to the great economics of the project, it will be pretty easy to do those fincancings.

So all in all, this is a way better investement than MOZ e.g. I would even say one of the best projeccts in the world and you only have to pay 45 mio USD for the entire company. Amazing. 
<< Previous
Bullboard Posts
Next >>