Nicholas Campbell, Canaccord Genuity (9/9/11) "We maintain our Speculative Buy recommendation on Colossus Minerals Inc. with a target price of CAD$13.25; recent drill results from the Serra Pelada project extended the high-grade sub-zones of the Central Mineralized zone. . .in our valuation, we have assumed an average grade of 20 g/t gold over the life of the mine; however, the zone of mineralization targeted for initial production has returned average grades of more 35 g/t gold. As Colossus advances Serra Pelada to production over the next 18 months, we expect the shares to reflect a premium valuation given the high-grade, low-cost nature."
Ron Stewart, Dundee Securities (9/8/11) "Colossus Minerals Inc.'s drilling extended and essentially confirmed continuity between the GT and Western zones while recent drilling at the central mineralized zone (CMZ) continues to demonstrate grade and size potential, which would support a lucrative mining operation from which we derive our Buy rating and $13 price target. . .highlight results from today's release included a step-out hole to the southwest which encountered 11.65m at 57.28 g/t gold, 6.58 g/t platinum and 7.66 g/t palladium. . .to test the southwestern extent of the CMZ, the company will drill a fence of 500m step-out holes—should positive results be received from these holes, we believe resource potential for the CMZ could grow significantly."
