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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Post by JoeKoolon Nov 13, 2009 9:13am

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Post# 16483118

Amended deal

The company believes it's better for them. Any thoughts?

I am surprised no one has made mention here of the new premium deal that was part of this amended deal. The table they included has a premium listed for 17.56 million ozs. and up. Why include such a high # unless they thought there may actually be that much metal in the ground? Otherwise they could of just had it as anything over 10 million ozs.

Could this mean they have seen some preliminary assays form the new holes that have been sent back for a reassay due to the very high grade? Just some food for thought.

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