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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 bishop13on Aug 17, 2010 11:44am
789 Views
Post# 17357374

Shareholder e-mail

Shareholder e-mail
Dear Shareholders and Friends,
In a recent interview with Streetwise Reports, Midas Letter Editor James West, commented on Colossus. James is one of the sharpest minds in the gold business, and he puts his money where his mouth is. He owns gold equities, ETFs, coins and even a share of a private Peruvian mine. "Gold is the best investment at this time," he says, a thesis based on the "counterfeiting" of paper currencies and inevitable collapse of the global financial system. In this Gold Report exclusive, James suggests several ways to profit along the way.
Publisher of Midas Letter, James West has devoted 20 years to helping small companies in the resource sector—helping them raise money, further their projects, build their identities and get their stories in front of investors on the lookout for quality investments with excellent returns.
We thought you'd be interested in reading James West's comments on Colossus Minerals Inc. Scroll Down to see these comments.
Regards,
Ari Sussman
Chairman & CEO
James West's Comments:
TGR: Colossus is making a push toward production at Serra Pelada, a high-grade precious metals project in Brazil. Could that stock be poised for another bump up if it brings that project to production?
James West: Oh, absolutely. You know if you want to compare Colossus to another company that's done well, you can compare it to Red Back Mining [which] was trading at less than a dollar [before] the Lundin Group took it over. . .I wrote about Red Back at $6., and it's now at $26. Colossus has the potential to do exactly the same thing based on the strength of Serra Pelada. I follow guys like Colossus CEO Ari Sussman. . .Ari's got the cream of that crop.
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