"Columbus recently did a deal with Nord Gold N.V. The Russia-backed company can earn 50.01% by spending $30M and completing a bankable feasibility study by October 2016. Nord Gold is a very aggressive resource company that had no assets in 2007. Since then, it has acquired eight companies and now has nine producing gold mines in four countries and $1 billion ($1B) in revenue. Nord Gold produces more than 800 Koz gold annually, which puts it among the top 20 gold producers worldwide. Columbus just started another aggressive, 28 kilometer drill program and Columbus will have a lot of news flow over the next two to three years. This development company's stock price will thrive regardless of the gold price."
"The other thing I like about the deal with Nord Gold is that the least Columbus can own in the project if it doesn't put any more money in after feasibility is 25%. The deal is that Nord Gold has to spend everything to take it into bankable feasibility. From that point on, Columbus can spend its 49.9% to stay at that level or it can get taken down to 25%, but not below that. This could be a real big winner. No one is paying any attention to it now because no one is paying any attention to any of these companies, but Columbus has great upside potential when this market wakes up."