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: Inca Kola News

Inca Kola News

posted on Dec 24, 2008 10:32AM

Colossus Minerals (CSI.to) UNCH at $0.60. It may well be time to revisit this thing at this price, Albatross or no Albatross. The last set of drill grades were good but not unexpected, either. The orebody is good (else it wouldn't have been dug to hell in the 1980s by garimpeiro miners) and the 2009 drilling campaign that already has its budget locked'n'loaded will go a long way in deciding whether the tough to get at deeper mineral will be commercially viable or not. Pricewise it does seem to be bottoming out at this $0.45 to $0.60 band level. If Anderson "was retired" I'd be more interested, but in the end biz iz biz.

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