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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 thorgb1on Dec 10, 2013 11:06am
201 Views
Post# 21989827

RE:RE:RE:RE:RE:RE:RE:Summary of Analyst Opinions so far....

RE:RE:RE:RE:RE:RE:RE:Summary of Analyst Opinions so far....Lets look at the facts. Right now, RMC is pretty much derisked in that we have proved up enough high grade resource that if the porphyry doesn't prove up, there is still a mine there for a mid tier producer. To be a FCX size mine, we need the porphyry to come back with big tonnage at 0.5% CuEq or better. FCX probably has a pretty good idea about this already, but I don't think they are in a position where they need to tell the world about the discovery as yet. What will be telling in Jnauary will be the release of the exploration budget for 2014, and I expect most of FCX's greenfield exploration budget will be targetted towards Serbia. Based on what we saw in FCX's slides from the summer, I expect they will spend somewhere in the range of $20-$40M on Bor/Timok next year. At that level of expenditure, there is only Blue Sky potential for RMC.

TGB
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