CSI's Colossal Returns

Midas LetterThe Gold Report Interview with James West (04/01/2011)
"Colossus Minerals in the Serra Pelada pit in Brazil is another favorite. It is the site of an incredible deposit of super bonanza-grade gold, silver and platinum group metals (PGMs). Some of the ore there is worth hundreds of thousands of dollars per ton, and the company is not going to bother with an NI 43-101 resource estimate—it's going straight to production. The market discounts CSI for that reason; so, even with a $700M market cap, my feeling is that Colossus is vastly undervalued still and, therefore, an excellent buy. We first got in at $1.41, so it's been a huge win for us." View Entire Article: James West: Junior Gold and Silver E&P Opportunity

 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: