GREY:COLUF - Post by User
Comment by
opeechee8on Oct 30, 2013 12:44am
429 Views
Post# 21860554
RE:David Massola (new CFO) options ?
RE:David Massola (new CFO) options ?I just noticed it yesterday too on canadian insider that an insider recently bought 500,000 shares. I also heard that they are working 24 hours a day on the mine. 3 shifts of 8 hours each. Here is an interesting read dated March 29, 1996 quoting Vale thinking the CMZ was 5 Million to 30 Million ounces of gold
"
at least 150 tons of gold--and likely as much as 900 tons" of gold... "If those reserves pan out, the mine would be the largest outside of South Africa, where a mine has estimated reserves of 1,200 tons." end quote.
https://articles.chicagotribune.com/1996-03-29/business/9603290074_1_vale-do-rio-doce-privatization-mine