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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 prospector11on Feb 11, 2013 2:03am
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Post# 20966489

RE: RE: RE: RE: RE: RE: Broker update

RE: RE: RE: RE: RE: RE: Broker update

By the time the 43-101 is released they will be very close to actually starting to mine. At that stage they will not be wanting to sell their reserve at pennies to the dollar. Why should they, they'll be sitting on a gold mine both litarally and figuratively. If the PMG values, even with the foreward sold discount, comes close to covering mining costs they could easily be adding 50% of the Au total value to their bottom line. That would mean every million oz. Au would generate $8.00 pr share. A bit early to speculate but soon we'll have some hard numbers to work with. GLTA

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Dealroom for high-potential pre-IPO opportunities