Junior Exploration Universe 2Q09

CHRIS THOMPSON, Haywood Securities (05/04/2009)
"We add Colossus Minerals to our exploration group. The company's primary focus is its 75%-owned Serra Pelada gold PGM project located in the Carajas region, Para State, northern Brazil. The company's other asset is the 70%-owned Natividade project in Tocantins State, Brazil.

With $31 million in the treasury (last reported at $8.7 million), recently bolstered by a $24.7 million equity financing in March 2009, Colossus is adequately financed to advance Serra Pelada with an exploration budget of $5.7 million during 2009. Colossus outperformed the Haywood Junior Exploration Index (HJEI), precious metals control group (HJPI), and gold price on a TTM and 90-day basis."

 PRINT THIS PAGE   EMAIL THIS PAGE

Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.

Related Quotes: