Boot's Estimate

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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boberator

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Boot's Estimate

posted on Jan 29, 2011 05:15PM

I just wanted to acknowledge you on being fairly accurate on your resource estimate. If you got the Clarus report, you will notice it is almost exactly what yours is. This is good news to me. The $10.50 target price assumes $1300 gold and no new discoveries. They are just being conservative. I will stay in this stock till they at least get into production or they get bought out.