Take physic, pomp

Belo Sun (BSX.to): Who knew? Subscribers of The IKN Weekly knew

Here‘s the NR out just a while ago from Below Sun (BSX.to), announcing its permit award. It starts this way:

TORONTO, ONTARIO–(Marketwired – Feb 2, 2017) – Belo Sun Mining Corp. (“Belo Sun”) (BSX.TO)
has received the “Licenca de Instalacao” (“LI” or “Construction
Licence”) for its Volta Grande Gold Project from the Brazilian State
Government of Pará under the environmental authority, SEMAS (“Secretaria
de Estado de Meio Ambiente e Sustentabilidade do Pará” or “Para State
Secretary of Environment and Sustainability”).
Construction Licence is the final governmental approval authorizing
Belo Sun to proceed with the construction and development of its Volta
Grande Gold Project. The project consists of continues
For the record, here’s how the main analysis section of The IKN Weekly IKN402, out last Sunday evening, began:

Sun (BSX.to) offers a trade on permit award re-rating


I believe there’s an opportunity
for a near-term trade in Belo Sun (BSX.to), due to renewed talk that its Volta
Grande gold project in Pará State Brazil is about to be awarded the necessary
permits for construction and eventual operation by local authorities. I intend
to act on this opportunity and buy shares in BSX next week, with a view to a
near-term trade (count it in weeks, rather than month) that has a specific
price target. Today’s report on BSX will therefore do four main things:

  • Set out the current corporate structure at BSX
  • Give a little background on the Volta Grande project
  • Go over the latest developments and the reasons I’m
    finally interested in this stock (after a long long time just watching it
  • Figure out a reasonable, near-term target price for
    the stock.

So without further ado…
Then followed 5 pages or so on the company. Just saying. And yes, I bought some on Monday at 90c. Have a pleasant day.

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