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 stalwart1on Oct 07, 2009 7:30pm

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Post# 16371300

RE: RE: RE: RE: Explain

From speaking with a geologist friend of mine on some pre-lim numbers and some forcast numbers of pending holes in the cmz and not including any amounts from the pit , we may be looking at 5.5 million oz. Keep in mind that these numbers are only estimates but the thing my friend was more impressed with was the pgm numbers of which he didn't calculate into his estimate, he made the point that with the pgm credits so far on the property that csi would stand to make approx 1180$ / ounce of gold mined as not only would the pgms most likely pay for the mine development but could infact still return more money to the company on top of a zero gold cost to mine.
Keep in mind we have yet to see the rhodium numbers or the irridium numbers announced as these metals take far longer to assay.

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