Check out the spectacular grades on Colossus Minerals (CSI-T). 70.70 Metres @ 53.59 g/t Gold, 20.77 g/t Platinum and 31.30 g/t Palladium. Not surprisingly the stock responded well (although perhaps not as well as one might think). And big surprise, the company does a bought deal to raise some cash. Bravo.
Interesting sidebar, there are 10,000 artesianal miners working at the site (down from 40,000 in the 1980's). 60 Minutes did a great story: Click here for Video
Disclosure: no position.
Wednesday, September 30, 2009
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