Belo Sun Mining Corp T.BSX

Belo Sun without the permitting risk

[baystock1]

The same geos who found Belo Sun's deposit have discovered another deposit in Brazil and this has been rolled into Cerrado Gold which has experienced management formerly with Desert Sun and Largo. Cerrado Gold is selling for slightly higher market cap than Belo Sun but their Brazil deposit has little to no permitting risk. Short summary of Cerrado below: >> Producing 50,000 oz/yr gold in Santa Cruz province of Argentina and expanding production to 70,000 oz/yr next year and 90,000 the year after. Have largest land position of any company in the Deseado Massif gold belt in Santa Cruz. This Argentina mine protects the downside as its replacement value is close to $200 million. The huge upside comes from their Brazil mine which is projected to be one of the lowest cost gold producers in the world at 150,000 oz/yr at sub $500 all in costs for 5 years and only $125 million Capex with payback of just 1.3 years at $1600 gold price. Huge exploration upside at both projects. Experienced management formerly from Desert Sun. Insiders own around 40% of the company and so are committed to finance their aggressive growth plans with minimal share dilution. By end of 2025 they are aiming to produce 250,000 oz per year and generate $250 million/yr pretax cash flow from both mines. <<

[eiementai]

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[Blunty1969]

Let's see what Lula comes out with first 

[Blunty1969]

It's no in belo ligue it's an ok deposit but it's no bsx