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Michael Pollick  

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  • Why I'm Expecting A Record Quarter From Sandstorm Gold [View article]
    Geat article! thanks for all the work!
    Nov 4, 2013. 04:10 PM | 1 Like Like |Link to Comment
  • Colossus Minerals Is Brewing a Perfect Storm [View article]
    So Mark, what else do you like?

    I have some PAL (PDL.TO, PDL-WT.TO) warrants, which I think I started trading after reading a piece by you on this same site! They perked up today, not sure why.

    I am also into Crosshair CXZ (CXX.TO) , Denison DNN (DML.TO), and Kodiak Exploration KXLAF (KXL.V).

    Michael
    Jun 14, 2008. 12:40 AM | Likes Like |Link to Comment
  • Colossus Minerals Is Brewing a Perfect Storm [View article]
    The above answers to Mark are from Michael Pollick.
    This is the first time I have added a comment here and I thought my logon would take care of the ID. It didn't, so I am a "User" with a number. Where I come from that means something else. A drug addict in a prison.

    Jun 14, 2008. 12:29 AM | Likes Like |Link to Comment
  • Colossus Minerals Is Brewing a Perfect Storm [View article]
    Hi Mark, I have admired your articles on this site.

    You are right that James West, writing both as Midas Letter and as ResourceXInvestor.com, and Blackmont Capital, an underwriter of CSI, wrote up this stock. All three can be read through links within the Colossus site. And I did indeed read all three before investing.

    My comment was to the effect that the general public, and even the more sophisticated mining investors and speculators, remained largely unaware or only vaguely aware of this stock even three months after its February IPO.

    You asked me how likely I think it is that the current process would lead to full development. By that I take it you mean a mine.

    Frankly, I am not sure it matters to the Colossus investor whether the project leads to an actual Colossus mine or to a sale of the asset for a real-world price.

    For example, what if one of the bigger PGM players like Anglo Platinum, which must be getting fed up with South Africa and its electric power problems, wanted some quick and easy production in South America?

    Serra Pelada was a ripe plum waiting to be picked. The value of Colossus is in the fact that they grabbed the rights to 75 percent of the plum.

    I think it is quite possible that Colossus will monetize the pit and use the proceeds as a company builder. That way, CSI would suffer no further dilution while exploring and developing the other two properties, which are both intriguing district sized pieces that encompass many old surfacy gold mines, some dating back to Colonial days. They have indicated an interest in acquiring more properties as well.

    One way to monetize the asset is to sell Serra Pelada outright for cash or stock or both. Another way is the way Virginia Mines sold itself to Goldcorp. Goldcorp acquired Virginia whole, took the asset it wanted which was the Eleonore gold field in Quebec province, and then spit out the rest of Virginia as a newly capitalized company to the orignal shareholders, with Goldcorp taking a piece of the action and actually injecting cash into the new Virginia. It was an amazing deal. Virginia shareholders got Goldcorp stock plus new shares of Virginia.

    Michael


    Jun 14, 2008. 12:26 AM | Likes Like |Link to Comment
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