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Colossus Minerals Inc COLUF

Consumer Cyclical Healthcare Metals & Mining Biotechnology Gold
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

Colossus Minerals Inc
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Comment by wizwizon Jun 08, 2009 12:03am
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Post# 16050941

RE: Perspective and historical data !

RE: Perspective and historical data !

Brazilian-based mining giant Vale  who held the rights to the mineral

concessions underlying Serra Pelada until 2007 ... “Theremaining reserve of Serra Pelada is currently estimated at 3.7 Mt @15.20 grams per tonne gold, 4.09 grams per tonne of palladium, and 1.89grams per tonne of Platinum. Two of the authors of the report wereemployees of CVRD at the time of its publication.


So why did Vale let the property go if it was so valuable?

Wiz

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