Blue Scorpion

Colossus Minerals: Why I Should Have Listened

Another thing...at 100 hectares, what do you expect the annual production to be on a going basis? High grades, yes. But this is a low volume mine once it's up and running anyway you look at it just because of the small scale. I understand the hype, and the stock may do well from all the pumping, but focusing on press releases with stunning drill results can be a surefire path to losing one's hard earned dollars if you don't evaluate the whole enchilada. The term "fool's gold" may apply here.

Colossus Minerals: Why I Should Have Listened

Otto, maybe you're not so dumb after all. Did you miss this little gem from the Blackmont report?

"Exploration License 850425 at Serra Pelada is valid to 2010.
Although renewable for another two years, it is under the
discretion of the Department of Mineral Production
(“DNPM”). There is a chance the DNPM will not issue
a renewal to Colossus if needed. As well, if drilling and
sampling takes longer than anticipated there is a chance
a renewal will be denied. However, given the depth of
the technical team and their Brazilian experience and
connections, this risk is minimal."

2010 isn't that far off. Too many if's. Pass.