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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 rob926on Jul 26, 2013 10:15pm
283 Views
Post# 21634008

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Really?

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Really?Holes 1215 & 1216 would have almost doubled the size of the high grade footprint. Because this is a deep prospect first and foremost we need the biggest footprint we can get with the high grade to get a highly profitable BFS. I  disagree that Freeport does not need to announce befor the BFS is done. If enough news is reported by Reservoir to define how big the discovery is then it would be material to Freeport and their stock price. If the news reservoir reports is not material to Freeport then I would have to say that this is not the world class discovery we think it is and Freeport probably will pass on opening the mine or at least put it on the back burner. If Reservoir was not a partner then Freeport would not report anything until the BFS is done but they have a partner and they will be reporting every thing they get from Freeport because it is all material to them. I doubt Reservoir will sell any assets until they know the value. We also must have a great working relationship with Freeport since they are spending millions drilling on land they have no option on yet.
 
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