Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Comment by JoeKoolon Aug 26, 2010 2:14pm
598 Views
Post# 17386681

RE: Potential timing for drill results

RE: Potential timing for drill resultsAnyone know what the cash cost per oz. for OSK's Malartic project is? Their 5.6 bil m/c is based on what, 10 million ozs. of low grade ore? Yes, they get a bit of a premuim being Que. but I'm sure their cash cost is in the $400 per oz. range. It's possible our cash cost could be negative with the pt & pd numbers. Their float is about 4.5x ours. So, even if we prove up half of what they have, our market cap could easily be 2.5 bil (based on the in situ value the market is giving OSK's ozs.) We shareholders get 75% of that or 1.875 bil, divided by 90 million o/s (I believe its about 90 mil fully diluted) and you get over $20/share. That's not factoring in our very low or negative cash cost vs. their much higher cash cost. Bottom line is that if we release great assays over the next few months while gold climbs to new highs, our SP could be 2-3x what it is today.
Bullboard Posts