Colossus Minerals Inc BCEL

Primary Symbol: COLUF

Colossus Minerals Inc is a Canada-based exploration stage company. Principally, it is engaged in the acquisition, exploration, and development of mineral properties. The company's project includes Serra Pelada which is situated in the mineral prolific Carajas region near the towns of Curionopolis and Parauapebas, Para state, northern Brazil.

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Colossus Minerals Inc

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Post by wildkydon Oct 04, 2009 10:53am

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Post# 16360786

imagine

Using the values of the 43 meter hole and pretending it was a cube you would get 79507 cu. meters of rock.
(43 x 43 x43).
Multiply that by 2.5 (approx. density) and you get 198767 tonnes of rock.
Now if you plug the grades into the casey calculator you get $758922 /tonne. (calculation below)
Now let's multiply 198767 tonnes by 758922 and you get 150,849,028,635 or about $150 billion.
With 75% of the project that would net about $113 billion if fully realized.
If we are credited with 10% of that value that would be $11.3 billion.
Divide that by 85 million outstanding shares and you get a value of $132/share.
I'm holding...
- Wildkyd