GREY:COLUF - Post by User
Post by
Runner5on Apr 04, 2011 8:51pm
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Post# 18384549
Blurb
Blurb
Junior Gold and Silver E&P Opportunity
By The Gold Report, on April 2nd, 2011
https://jutiagroup.com/20110402-junior-gold-and-silver-ep-opportunity/
The part pertaining to CSI:
Colossus Minerals Inc. (TSX:CSI) in the Serra Pelada pit in Brazil is another favorite. It is the site of an incredible deposit of super bonanza-grade gold, silver and platinum group metals (PGMs). Some of the ore there is worth hundreds of thousands of dollars per ton, and the company is not going to bother with an NI 43-101 resource estimate—it’s going straight to production. The market discounts CSI for that reason; so, even with a $700M market cap, my feeling is that Colossus is vastly undervalued still and, therefore, an excellent buy. We first got in at $1.41, so it’s been a huge win for us.
R.