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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.


GREY:COLUF - Post by User

Bullboard Posts
Post by wwadehammeron Dec 23, 2013 8:39am
460 Views
Post# 22032456

Looks Good To Me

Looks Good To MeFirst estimates shows indicated about 17 equivalent grams per ton of gold without counting the bonanza portions.  Enough ore to run the mill for 18 months.  My previous estimate of $400,000 per day cash profit looks reasonable.  That's $232 million in cash available in 18 months.  Doesn't count the bonanza areas and doesn't include the entire resource.  Doesn't include the other areas we started drilling like Elenfanty.  This mine could easily return a billion in cash to investors over 5 years.  
Bullboard Posts