We rate BSX shares SP with a C$0.65 PT. Scotiabank.Latest Research (July 20, 2022): OUR TAKE: Positive. Belo Sun Mining announced that the Supreme Court of Par State (Brazil) has overturned the previous decision to suspend the construction and environmental licences at the company’s Volta Grande project. Further, the Supreme Court also ruled that the decision of the Agrarian Court causes damage to the company and stated that there should be no obstacles for Belo Sun to continue with the environmental licensing process while complying with the legal requirements determined by the applicable environmental and judicial authorities.We view the latest update as a positive for BSX shares as this decision moves the project closer to resuming development activities at Volta Grande, and we look forward to management updates regarding supplemental permitting and regulatory requirements for the project. We rate BSX shares SP with a C$0.65 PT.