Colossus Minerals Inc COLUF

RE: : RE: james dines

[stalwart1]

Thanks for the post dredger.

that is what i mean here we shaould share whatever we know and have reserched in regards to the company, as retail investors should stick toghether .

As far as the depths that csi is going to drill in this phase (phase 2) there is no standard depth for all the holes. They have now picked up a RC drill for the site to do the first 120- 150 metres of the holes and then will drop in the DD drills to finsh the rest which is the most economic way of drilling. As it looks right now we are walking up to the starting blocks for either an open pit mine or underground minning. The reason i would lead to an open pit situation is due to quotes made to me in regards to the fact that at this time all they would have to do is pump out the pit and build a ramp for extaction traffic. This method at this time appears to be the most cost effective measure. I still try to get my head around the fact that these guys have saved themselves over 30-40 million in exploration costs and 4-5 years of work to delineate this property , by purchasing the old drill from cvrd. You can call me an optimist but i really can see these guys being production ready ( even if it is small scale) in early 2010) as they have already secured a smelter and a buyer for the products, not very often a junior can say that...