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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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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 MiningMonsteron Nov 26, 2013 9:50pm
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Post# 21944556

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:IF?

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:IF? Not sure I follow Ridgeback. We are not valuing anything at $35 an ounce, we are talking about contractual payments to the former owners of the large land package CSI has.

They do not owe anything for Serra Pelada (100ha region), but if they estimate the resources in "area B" (ie undertake a comprehensive long term estimate) then they will owe Vale $35 per ounce proven in the surrounding area.

Thats why they are doing a limited 43-101 for now and thats what I thought we were discussing here.

GLTA
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Dealroom for high-potential pre-IPO opportunities