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RESERVOIR MINERALS INC V.RMC

"Reservoir Minerals Inc is engaged in the acquisition, exploration and development of mineral properties in Serbia, Cameroon, Gabon, Macedonia and Romania."


TSXV:RMC - Post by User

Comment by 7heSpeculatoron Apr 09, 2013 4:44am
331 Views
Post# 21229703

RE: RE: rmc ends up with 25%

RE: RE: rmc ends up with 25%

SoliDeoGloria

Your assumptions are appalling.  You have calculated the inground value of the metal and attributed 25% for RMC, then just divided by the number of shares and then come up with an expected share price????

 

What about TVM?

What about OPEX?

What about CAPEX?

What about........

 

It is easy to get enthuisiastic, but I think your calculations are a little optimistic to say the least.

 

As an analogy, have a look at ASX listed Sandfire Resources (ASX:SFR) who are now producing from their 100% owned DeGrussa deposit.  15Mt @ 4.6% Cu They have a market cap of around $950M

SFR have ~600,000t of Cu, a back of the hand calculations gives RMC about 700-800,000t

SFR are in production and it is a shallow mine.  Check out RMC's long section, the mineralisation is now effectively constrained if you exclude the porphyry, which is too low grade anyway.

My take, if RMC crest $4.50 it is a short, but for now I'm along for the crazy ride and enjoying it

 

TS

 

 

 

 

 

 

 

 

 

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