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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 Apr 28, 2016 11:15am
166 Views
Post# 24820331

RE:RE:RE:RE:LUNDIN

RE:RE:RE:RE:LUNDINThe independent route was the big play but this market has been brutal for almost 5 years. Hitting decade lows when Freeport put the discovery up for sale. I have been beat up anytime I bring up less than to the moon scenarios but it is what it is. See my recent posts this is what I thought would be a good deal if we could get more of the discovery and that is what happened getting 33% instead of the 25%. I was hoping to split out the discovery and keep the prospect generator model going especially since RIO is now working on one of our leases. I talked to a broker who is associated with one of the large investors and he said they tried to raise the money but not in this market. Probably goes back to we do not have a scoping study let alone a BFS. What we need now is higher copper and gold prices, lots of drilling and no disasters in Africa! Glta
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