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

Colossus Minerals Inc

Bullboard Posts

Comment by sweatmanon Jun 21, 2013 4:00pm

190 Views

Post# 21556613

RE: RE: From Verde Potash thread

Whoa! If they move toward the auction system that can (and probably will) lead to corruption...as this is the Russian system in action. In theory, the company does all the work under an exploratoin license but before they can go into the exploitation of the property the license must go to auction. If the explorer loses the auction they get to claw back all of their exploration costs. The idea being that the explorer will...once they get a sniff of what's in the ground will over-spend, thus (in theory) scare off any other bidders because of the claw-back clause. The system (obviously) does not work and scares away foreign investment. Nah, this cannot be the direction the Brazilian's going.

Bullboard Posts

AI companies to invest in