GREY:COLUF - Post by User
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mix1455on Oct 13, 2010 2:49pm
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Post# 17559945
Globe&Mail Update
Globe&Mail UpdateEye on Equities
Darcy Keith
Globe and Mail Update
Published Wednesday, Oct. 13, 2010 2:32PM EDT
Colossus Minerals Inc. (8.690.222.60%)’s Serra Pelada project in Brazil has unique high-grade gold and platinum group metals mineralization, is on track to begin production in 2012, and has seen recent exploration success to potentially expand the resource, said Canaccord Genuity analyst Nicholas Campbell. “For these reasons, we view Colossus Minerals as a likely takeover target,” he said.
Upside: Mr. Campbell hiked his target price 60 cents to $11.60 and continues to recommend the stock as a “speculative buy.”