Colossus Minerals Inc 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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Comment by Danka12on May 27, 2013 3:42pm

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Post# 21446443

RE: RE: RE: RE: Institutional Ownership

I agree with sweatman. the numbers are tough. assume 175k ounces per year, at 1400 gold and 500 cash costs (maybe lower, but let's be conservative). that's 3.5x cash flow, assuming everything goes perfect. they're not fully funded, so potentially throw another 20mm shares at the share count. and again, maybe everything goes smooth, but even in that scenario, you're buying this at a multple where you can buy other companies already in production. you can buy any myriad of energy companies that are already in production at 3-4x cash flow. FCX trades at 4x.

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