Belo Sun Mining

BSX-T

Analysis and Opinions about BSX-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
March 2, 2020

They have some issues with locals. They re-submitted an indigenous document and so we have to see what happens. It is a leveraged play in the Amazon.

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They have some issues with locals. They re-submitted an indigenous document and so we have to see what happens. It is a leveraged play in the Amazon.

DON'T BUY
DON'T BUY
March 2, 2020
They have a large Brazilian gold deposit. The problem here are indigenous people challenges there and a government contract that pays out a crazy amount to the managers. This payout is not aligned to the shareholders' interests. Then again, it's a cheap stock vs. gold in the ground.
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They have a large Brazilian gold deposit. The problem here are indigenous people challenges there and a government contract that pays out a crazy amount to the managers. This payout is not aligned to the shareholders' interests. Then again, it's a cheap stock vs. gold in the ground.
COMMENT
COMMENT
November 20, 2019
He sold it. They operate in Brazil, but let's see where political changes go there; things can get nutty down there once in a while.
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Belo Sun Mining (BSX-T)
November 20, 2019
He sold it. They operate in Brazil, but let's see where political changes go there; things can get nutty down there once in a while.
COMMENT
COMMENT
September 15, 2017

An explorer/developer. It certainly hasn’t performed the same as Continental Gold. Has shown more volatility. Brazil obviously can be a difficult environment. He thinks they are appealing an injunction on their deposit. In South America, the social license is very difficult, and he thinks that is the overhang with the stock. He has avoided this.

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Belo Sun Mining (BSX-T)
September 15, 2017

An explorer/developer. It certainly hasn’t performed the same as Continental Gold. Has shown more volatility. Brazil obviously can be a difficult environment. He thinks they are appealing an injunction on their deposit. In South America, the social license is very difficult, and he thinks that is the overhang with the stock. He has avoided this.

COMMENT
COMMENT
March 7, 2017

They want to build a mine in Brazil, but there are some environmental controversies. They have the Volte Grande project which is over 6.1 million ounces in all categories, and a grade over a gram a ton. In early years, they can have higher grades, so you get a really robust payback. From a technical perspective, everything is great.

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They want to build a mine in Brazil, but there are some environmental controversies. They have the Volte Grande project which is over 6.1 million ounces in all categories, and a grade over a gram a ton. In early years, they can have higher grades, so you get a really robust payback. From a technical perspective, everything is great.

BUY
BUY
March 6, 2017

In February they finally got approval. Brazil has been hard to get permits in because of the bureaucracy. We are waiting for cash flow to start and for gold to go up.

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In February they finally got approval. Brazil has been hard to get permits in because of the bureaucracy. We are waiting for cash flow to start and for gold to go up.

COMMENT
COMMENT
May 12, 2016

He likes the people and he likes the project, but is a little afraid of the political and social risks of Brazil, but mostly the stock gave him everything he wanted in a fairly short period of time. He sold his holdings.

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He likes the people and he likes the project, but is a little afraid of the political and social risks of Brazil, but mostly the stock gave him everything he wanted in a fairly short period of time. He sold his holdings.

COMMENT
COMMENT
March 8, 2016

The Volta Grande project had a feasibility study done last year. Agnico- Eagle (AEM-T) put in $15 million to go through the permitting cycle. Doesn’t know how long it will take in permitting. This project also has substantial exploration potential. At current gold prices, that asset is worth putting into production. Expects this company will be absorbed in the not too distant future.

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The Volta Grande project had a feasibility study done last year. Agnico- Eagle (AEM-T) put in $15 million to go through the permitting cycle. Doesn’t know how long it will take in permitting. This project also has substantial exploration potential. At current gold prices, that asset is worth putting into production. Expects this company will be absorbed in the not too distant future.

COMMENT
COMMENT
March 8, 2016

Thinks the large gold deposit in Brazil works and that it is a decent deposit. The people running it know what they are doing. There have been some issues with the local natives. If they can get their final mining permit, this is a good project and is something worth owning.

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Thinks the large gold deposit in Brazil works and that it is a decent deposit. The people running it know what they are doing. There have been some issues with the local natives. If they can get their final mining permit, this is a good project and is something worth owning.

BUY
BUY
March 7, 2016

He sold a couple of years ago. They addressed the issue since and he thinks now that they can build the project.

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He sold a couple of years ago. They addressed the issue since and he thinks now that they can build the project.

DON'T BUY
DON'T BUY
June 26, 2015

A large gold deposit in Brazil. Have redone the feasibility study, so it is a much smaller staged project. It has an $80 million market cap and will need to raise in excess of $300 million. That is the issue they are going to face. This is something that a major could buy. What they need to deal with right now is getting their final construction permit, which has been a hassle all along. Until they get it, he wouldn’t buy this.

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A large gold deposit in Brazil. Have redone the feasibility study, so it is a much smaller staged project. It has an $80 million market cap and will need to raise in excess of $300 million. That is the issue they are going to face. This is something that a major could buy. What they need to deal with right now is getting their final construction permit, which has been a hassle all along. Until they get it, he wouldn’t buy this.

COMMENT
COMMENT
June 10, 2015

The issue is that it is in Brazil. Agnico-Eagle (AEM-T) owns 17% of the company. There have been management changes. There is a debate over whether they can get permitted, and he thinks the odds are that they will. A nice little deposit and low cost. If it gets in the fortunate position of getting permitted, it may be a take out or Agnico-Eagle could sell their holdings.

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The issue is that it is in Brazil. Agnico-Eagle (AEM-T) owns 17% of the company. There have been management changes. There is a debate over whether they can get permitted, and he thinks the odds are that they will. A nice little deposit and low cost. If it gets in the fortunate position of getting permitted, it may be a take out or Agnico-Eagle could sell their holdings.

COMMENT
COMMENT
March 3, 2015

This has gone through a lot of turmoil. Brazil has created some unique problems. It seems to be a really difficult country. For this company there is a lot of concern on permitting on federal levels and environmental approval. A great resource with a high grade open pit, so he likes the optics of the project, but they’ve been saddled by jurisdiction and uncertainty about ultimate permitting that has weighed down on the price.

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This has gone through a lot of turmoil. Brazil has created some unique problems. It seems to be a really difficult country. For this company there is a lot of concern on permitting on federal levels and environmental approval. A great resource with a high grade open pit, so he likes the optics of the project, but they’ve been saddled by jurisdiction and uncertainty about ultimate permitting that has weighed down on the price.

PAST TOP PICK
PAST TOP PICK
March 3, 2014

(Top Pick Mar 5/13, Down 53.47%) He was wrong about the deposit. The company published an accurate feasibility study that was disappointing to him. There were social challenges in the area.

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(Top Pick Mar 5/13, Down 53.47%) He was wrong about the deposit. The company published an accurate feasibility study that was disappointing to him. There were social challenges in the area.

PAST TOP PICK
PAST TOP PICK
August 6, 2013

(A Top Pick March 5/13. Down 53.47%.) This one was a mistake. He had a view as to what the front-end capital costs would be and what the pit would look like. He was wrong and sold his holdings. He would not buy this. He likes the people and there are some things about the deposit that he likes. It won’t work at $1250 gold.

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Belo Sun Mining (BSX-T)
August 6, 2013

(A Top Pick March 5/13. Down 53.47%.) This one was a mistake. He had a view as to what the front-end capital costs would be and what the pit would look like. He was wrong and sold his holdings. He would not buy this. He likes the people and there are some things about the deposit that he likes. It won’t work at $1250 gold.

PAST TOP PICK
PAST TOP PICK
May 7, 2013

(Top Pick Mar 5/13, Down 31.68%) He is going to have to ease out of it. Capital costs in Brazil were much higher (40%) than he thought. It really hurt the next present value of the deposit. There are other deposits he likes more.

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(Top Pick Mar 5/13, Down 31.68%) He is going to have to ease out of it. Capital costs in Brazil were much higher (40%) than he thought. It really hurt the next present value of the deposit. There are other deposits he likes more.

TOP PICK
TOP PICK
March 5, 2013

Likes this company and telidiun (?) but there are some permitting risks. Located in Brazil. Very, very capital efficient. Feels that once the environmental permitting problem has been solved, it either goes up or it gets taken over.

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Likes this company and telidiun (?) but there are some permitting risks. Located in Brazil. Very, very capital efficient. Feels that once the environmental permitting problem has been solved, it either goes up or it gets taken over.

TOP PICK
TOP PICK
May 2, 2012
Nearly 4 Million oz in a deposit in Brazil. Continuity is very good in a cross a section, a long section and in depth. Going to be a nice deposit. A mid to major company should be buying it. Should be producing a bankable feasibility study in Q1 next year.
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Nearly 4 Million oz in a deposit in Brazil. Continuity is very good in a cross a section, a long section and in depth. Going to be a nice deposit. A mid to major company should be buying it. Should be producing a bankable feasibility study in Q1 next year.
PAST TOP PICK
PAST TOP PICK
November 1, 2011
(A Top Pick Nov 8/10. Up 87.5%.) Good management. Have been drilling with great success.
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Belo Sun Mining (BSX-T)
November 1, 2011
(A Top Pick Nov 8/10. Up 87.5%.) Good management. Have been drilling with great success.
TOP PICK
TOP PICK
September 6, 2011
Precious metals/development and exploration play in Brazil. Good infrastructure in the area. Government is building a Hydro dam just north of them giving them a cheap source of power. Put out some continued good drill holes, which is why the stock has moved recently. 3.4 million ounce resource and growing.
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Belo Sun Mining (BSX-T)
September 6, 2011
Precious metals/development and exploration play in Brazil. Good infrastructure in the area. Government is building a Hydro dam just north of them giving them a cheap source of power. Put out some continued good drill holes, which is why the stock has moved recently. 3.4 million ounce resource and growing.
BUY
BUY
April 7, 2011
Continues to be positive on gold and this is a name he is positive on because of the area’s infrastructure and with the government’s power facility being built near by. Looking for further drill holes that should continue to build the resource.
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Continues to be positive on gold and this is a name he is positive on because of the area’s infrastructure and with the government’s power facility being built near by. Looking for further drill holes that should continue to build the resource.
PAST TOP PICK
PAST TOP PICK
March 7, 2011
(A Top Pick March 8/10. Up 226.58%.) Has been a great story and the stock has gone up dramatically. Just raised $45 million in a private placement.
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(A Top Pick March 8/10. Up 226.58%.) Has been a great story and the stock has gone up dramatically. Just raised $45 million in a private placement.
TOP PICK
TOP PICK
November 8, 2010
He has been involved with it for a number of years. One of the largest undeveloped mines in Brazil. People are starting to wake up and take a look at it. At some point there will be a re-evaluation on it. There’s a dam being built, completed around 2014 – cheap power for when they go into production with their mine.
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Belo Sun Mining (BSX-T)
November 8, 2010
He has been involved with it for a number of years. One of the largest undeveloped mines in Brazil. People are starting to wake up and take a look at it. At some point there will be a re-evaluation on it. There’s a dam being built, completed around 2014 – cheap power for when they go into production with their mine.
TOP PICK
TOP PICK
March 8, 2010
Located in Brazil. Have 2.6 million ounces in reserve. Have a feasibility study of low-grade but only at about 150 m. Could be in production in a couple of years or could continue to grow their resource.
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Located in Brazil. Have 2.6 million ounces in reserve. Have a feasibility study of low-grade but only at about 150 m. Could be in production in a couple of years or could continue to grow their resource.
BUY
BUY
February 25, 2005
Properties in Brazil may have 1.5 million ounce gold resource. Stock is closely held, so not much news comes out of it. A lot of penny stocks, after having a nice run up in late 2003, went back into their snooze preiod, but starting to see some activity in them. Stocks like this should benefit at some point. Stocks, when they are not being paid attention to, is a good time to buy in.
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Belo Sun Mining (BSX-T)
February 25, 2005
Properties in Brazil may have 1.5 million ounce gold resource. Stock is closely held, so not much news comes out of it. A lot of penny stocks, after having a nice run up in late 2003, went back into their snooze preiod, but starting to see some activity in them. Stocks like this should benefit at some point. Stocks, when they are not being paid attention to, is a good time to buy in.
STRONG BUY
STRONG BUY
October 22, 2004
Has the potential for going into production in the next few years. Like a lot of the juniors, it's languishing and this is the time that you want to pick them up. Also likes Spider Resources.
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Belo Sun Mining (BSX-T)
October 22, 2004
Has the potential for going into production in the next few years. Like a lot of the juniors, it's languishing and this is the time that you want to pick them up. Also likes Spider Resources.
BUY
BUY
July 16, 2004
Has a mine that has proven probable reserves that are worth $1 a share. Stock has drifted back like all the golds. Probably should be accumulated at this price.
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Has a mine that has proven probable reserves that are worth $1 a share. Stock has drifted back like all the golds. Probably should be accumulated at this price.
PAST TOP PICK
PAST TOP PICK
February 13, 2004
(A top pick Aug 29/03. Down 1%.) Has solid support around $.20. Basing for another run.
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Belo Sun Mining (BSX-T)
February 13, 2004
(A top pick Aug 29/03. Down 1%.) Has solid support around $.20. Basing for another run.
TOP PICK
TOP PICK
November 12, 2003
(A top pick Aug 29/03 Up.) Have interesting properties in Brazil. Stock has broken out of a huge base and has a huge descending wedge.
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Belo Sun Mining (BSX-T)
November 12, 2003
(A top pick Aug 29/03 Up.) Have interesting properties in Brazil. Stock has broken out of a huge base and has a huge descending wedge.
TOP PICK
TOP PICK
October 30, 2003
A lot of volume has been coming in to the TSX Venture Exchange lately. Showing positive signs.
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Belo Sun Mining (BSX-T)
October 30, 2003
A lot of volume has been coming in to the TSX Venture Exchange lately. Showing positive signs.
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Belo Sun Mining(BSX-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 2

Stockchase rating for Belo Sun Mining is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Belo Sun Mining(BSX-T) Frequently Asked Questions

What is Belo Sun Mining stock symbol?

Belo Sun Mining is a Canadian stock, trading under the symbol BSX-T on the Toronto Stock Exchange (BSX-CT). It is usually referred to as TSX:BSX or BSX-T

Is Belo Sun Mining a buy or a sell?

In the last year, 2 stock analysts published opinions about BSX-T. 0 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for Belo Sun Mining.

Is Belo Sun Mining a good investment or a top pick?

Belo Sun Mining was recommended as a Top Pick by Rick Rule on 2020-03-02. Read the latest stock experts ratings for Belo Sun Mining.

Why is Belo Sun Mining stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Belo Sun Mining worth watching?

2 stock analysts on Stockchase covered Belo Sun Mining In the last year. It is a trending stock that is worth watching.

What is Belo Sun Mining stock price?

On 2020-08-14, Belo Sun Mining (BSX-T) stock closed at a price of $0.94.