The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
CSI: Investors Await De-Risking of Serra Pelada
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Junior Mining Weekly (02/02/2010)
"Colossus has experienced a pullback in its share price along with the rest of the junior mining space; however, it did not participate in the rally as other junior miners did when the price of gold ran up from October to December 2009. An equity financing and subsequent warrant acceleration slaked much of the investor demand for CSI shares in 2009. In 2010, investors appear to be waiting for the company to de-risk the Serra Pelada project. We are waiting for metallurgy, mining methodology, approval of an EIA, receipt of a development permit and a land deal with Vale. As these hurdles are overcome and investors' confidence builds, we expect the share price to rally. Colossus has C$103 million in cash and an additional C$31 million in in-the-money options and warrants, which we expect will be more than sufficient to finance the development of Serra Pelada." |
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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.
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