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 > BSX is for sale

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Post by SIGG1on Apr 15, 2024 3:12pm

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Post# 35990043

BSX is for sale

I believe that a take over offer or merge will be announced soon.

I remember seeing a video on BNN with Rick Rule discussing BSX, he mentionned that it was in Management best interest to drive the price lower in order to sell the company, management will be getting a nice bonus as a result, this condition is built in the contract.

Now that BSX trades near cash value it makes perfect sense for another company to grab BSX, their cash and assets for peanuts.

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