RESERVOIR MINERALS INC V.RMC

Really?

[psj567]

FCX has just found the porphyry that is connected to the high grade zone, and it remains open to the north, northeast and northwest. This is tremendous news. This is the precise volume at depth that FCX needs to build a mine. 98% of RMC's shares remain in the same hands that they were in before the recent News Release. Whose judgment do you trust, the 98% holders or the 2% sellers? The new 2% buyers obviously felt comfortable at this price entry point. FCX will take out RMC-- it is only a matter of time. In this terrible junior market of the past 24 months, has any stock held up better than RMC?

[nomomoney24]

"Has any stock held up better then RMC?" Yes check out V.ZEN!!!!!!!!!!!!!

[redmetal]

So far the 2% sellers are smarter than the 98% holders. I say we close in the $2.50's tomorrow which will make the 2% sellers even smarter and the 98% holder even more stupid and probably angry as well.

[psj567]

The reason why the small retail investor loses money is that he or she lets emotion and tape-watching dictate selling and buying. Unless you are a short term trader or need to raise cash, as a holder of RMC why are you focused on day-to-day price fluctuations? In 24 months, let's see how happy the people are who sold this week. There is a reason why Freeport publicly identified Serbia as its

[Meester954]

Very well said.  As an investor I am happy to hold this one for the longer term and let Freeport drill wherever they like (besides, it is so thinly traded that a real trader can't do anything here without skewing the stock price).  The fact that it was even mentioned at the NYC conference is significant; to even think of comparing it to Grasburg is huge.  Having a little

[rob926]

It's nice they did put it on a slide and mentioned it but it is not on the slide for the latest earnings conferrence call. Reservoir has been releaseing results as they get them from Freeport but Freeport has not released the info to its shareholders. This means that the project so far as being reported is not material to the Freeport stock price. We are probably not going to see the share

[thorgb1]

At this stage this is definately not material to Freeport. Freeport is a $30B company. I don't expect many, if any, greenfield exploration properties would be material to Freeport before a resource estimate is even calculated. Reading between the lines, they did seem to imply that they were only continuing to fund 1 greenfield exploration property and that they excited about it. Drill are

[rob926]

When enough holes have been drilled and released the market will estimate the total resources and price the stock accordingly before a BFS. If this is going to be a mine that Feeport is going to develope it is going to have to be material to them. If it is going to be material to them they will have to announce results well before a BFS because Reservoir will have to announe anything they get

[psj567]

Confirm a big hit? Less impressive? Freeport has discovered a once in a lifetime high grade zone and now a deep porphyry of 700 meters of .8-.9 CuEq trending favorably in 2 directions, NE and NW. These 2 holes also had nearly 1000 meters of Cu mineralization. Are you joking?

[rob926]

No I'm noy joking if this was already known a big hit Freeport would be making the announcement not Reservoir. At this point Freeport feels that what is known about the find would not move their stock price. Any confirmation this deposit has enough high and low grade ore to be a world class mine Freeport will have to disclose to the public. So we have to assume we need more great holes to

[psj567]

By the time Serbia has any material impact on FCX or its share price, either it would have already taken out RMC or RMC would have monetized its 45% interest. Serbia only becomes material to FCX and a requisite disclosure in its SEC filings at the time when Freeport decides to build a mine. The fact that FCX voluntarily presented Serbia in one of its most important investors' conference is far

[thorgb1]

PSJ right on the money as usual. Realistically, Freeport could probably wait until a bankable was completed before needing to announce Timok as material and without violating any disclosure rules. Not sure why anyone would think Freeport would want to make any announcements to drive up RMC's share price when I think they realize they will be taking them out at some point, but all Freeport'

[rob926]

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