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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 stalwart1on Jun 23, 2010 10:29pm
552 Views
Post# 17216671

what i believe to have happened

what i believe to have happenedthus far is they have concerned themselves with re-doing metra-logigal testing to find the most appropriate method  of exstracting ALL of the precious elements fron this ground as the first attempt didn't go so well. Also they have spent alot of time going thru the huge suppy of old cvrd (vale) drill core that was done  and sent it off for assaying to tel them where to drill to understand the vein system. Furthermore, they have had their own drill core in the labs for almost 6 1/2 months to date but asked the labs to put it on the back burner so they would not have anything to report or any loop holes to jump through to not report results while securing the new land and permits. In my opinion they have done everything perfect up to date. As i have said before, if they found that the drill holes bordering the newly aquirred land from vale showed increased gold and pgm group metals prior to the deal being struck , it may have cost alot more money from OUR till and thus more imediate diluition would be required. I have sold my trading position and paid off my house, truck and funded a new core position in another company while still holding a very healthy core position in csi, which will remain until i see 12.00 or a buy out.
Bullboard Posts