Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
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

Privacy Policy | Disclaimer

Sign In

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

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
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

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
Bullboard Posts
User Avatar Image
(54)
•••
Comment by gwalkeron Sep 20, 2012 4:28am
289 Views
Post# 20389405

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Kudos

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Kudos

You have it totally backwards. CSI will sell their 1.5% of gold production to Sandstorm for $400 per ounce. Sandstorm will then resell it a the spot price.

Remember this $400 is over and above the 75million Sandstorm is already providing

In addition to the upfront deposit, Sandstorm will also pay to Colossus a purchase price equal to the lesser of US$200 per ounce of platinum, US$100 per ounce of palladium and US$400 per ounce of gold (subject to inflation adjustments of 1% per year) and the prevailing market price.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities