Colossus Minerals : High Grade Noble Metals Projects in Brazil

A development-stage mining company focused on bringing into production the high-grade gold-platinum-palladium Serra Pelada project, located in the mineral prolific Carajas region in Para State, Brazil

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Message: Re: Opinions Please

Jun 11, 2008 08:50AM

Jun 11, 2008 10:30AM

Jun 11, 2008 01:04PM

You guys are making guesses about work that is already done.

CVRD did 50,000 meters of drilling on this one 100-hectare plot. Colossus even has 40,000 meters of the core.

It's all covered on the research page in three reports.

two by james west, as Midas Letter and as Resourcex Investor

http://www.colossusminerals.com/main...

and one by blackmont capital, an initial coverage writeup by an underwriter.

midas covers insiders plus institutions plus management and quotes a 2002 number on tonnage.

The numbers are big. West pegs it at $2 billion in gold, plat and palladium at current market value.

that is not to say that the resource can't go higher. it can.





Michael






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