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Colossus Minerals Inc COLUF

Consumer Cyclical Healthcare Metals & Mining Biotechnology Gold
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

Colossus Minerals Inc
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Comment by Sparkletoothon May 04, 2011 3:52pm
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Post# 18530768

RE: Gold Stocks

RE: Gold StocksThe stock market is extremely skittish.  Nobody wants to get caught holding these deals in what might be a stock market teetering on the edge of a crash - look what happened to silver since last week, down 20%.

The golds and oils stocks haven't tracked the underlying commodity prices since the Japan earthquake.

Despite the high grade intercepts, this one has a few problems around clarity:  nobody really knows what they have i.e. no 43-101 compliant estimate depsite all the drilling, because of all the pods of extremely high grade material.

I don't mind guessing the average grade - it must be outstanding - but I would at least like to know how many mineable tonnes there are.  They must have a very clear picture of the 3-dimensional shape of the deposit by now, and therefore the size in tonnes.

Does anybody have that information?  I tried to glean it from their website but got frustrated...thanks 
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Dealroom for high-potential pre-IPO opportunities