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.

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Colossus Minerals Inc

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Comment by mephistopheles93on Jun 24, 2013 8:57pm

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Post# 21570612

RE:Don't blame Macquarie

[quote=pilotboy99]
So meph - please explain the basis of the 'hatchet job' comment if you don't mind: CSI did not raise all of the cash already because they are betting (hoping) that production will be up and cash costs down. Do you trust CSI's judgement? Also, when the mill cries out for 'more ore', the underground guys will send anything and everything up to the mill. Desperate times call for desperate measures.
[/quote]

Basically, my two main questions about the report are:

-using lower grade halo ore. I expect they save that until after the 1000tpd ramp up, and feed in high grade at first

-I don't trust the $10 000 000/monthh burn rate. I assume most of the burn is for one-of charges such as mining equipment etc

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