RESERVOIR MINERALS INC V.RMC

Summary of Analyst Opinions so far....

[thorgb1]

Salman (Jan/2013): Strong Buy recommendation, $6.55 target
Scotia (Nov/2013): Sector outperform, $7.00 target
GMP (Nov/2013): Buy recommendation, $7.60 target
Macquarrie (Dec/2013): Sector Out[erform, $7 target

Consensus target: $7.03

[megacopper]

Are all those analyst with 7 dollar targets have a 12 month time frame? Just curious but I think we will be at 7 dollars early in the new year. And eventually even higher with more positive results. Very little risk with not much downside now given the decent tonnage of high grade. Everyone is basing the numbers on the high grade but the large tonnage of low grade could potentially be even more

[psj567]

Agreed. The sole remaining issue is how big is the porphyry. It is likely Freeport knows the answer to this question already and is strategizing how best to acquire RMC's interest. If in fact Freeport needs additional drilling to answer this question,  it will want to drill the porphyry aggressively in 2014 to find out. Either scenario is a strong positive for RMC.

[rob926]

Freeport knows pretty close the copper content from logging the hole but not the gold. If holes 1327, 1328, 1332 and 1335 all have large intercepts of the porphryr they should have an idea by now if what they have drilled has the potential to be a Tier 1 mine.  Hole 1332 is the deepest at 2160 meters. If they drilled it that deep they must have been following copper. That same therory does

[santee]

Good analysis thus far, but a lot of loop holes. The situation on balance is  A1. The key time frame is the first week of Jan /14. Freeports  first quarter report, then the truth comes out, it will be good .  Lets waite and see , and accumulate. ......

[psj567]

Freeport will never make a disclosure in its SEC Form 10-Q's (quarterly reports) respecting Serbia before it has bought out RMC's interest. To do so would add significant value to RMC and its share price. Freeport is not that stupid.

[santee]

Who said anything about  FMC bieng stupid ?? The speculation on what they say moves its siblings. Whats out there is enough, that is whats showing. ....

[thorgb1]

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

[cd673]

I dont think this is material enough to make freeports annual report and wont be until the BFS is done even if they spend more on drilling in 2014. I wish they had to report but I dont think they do. They have to keep drilling I think to show they are working in good faith toward owning 75%. But one drill is enough to show that I would guess. If there is deep quantity they should kerp going. They

[rob926]

The stocks nice pop at the opening was probably because Byron King put out a short blurp about Reservoir . His take is Freeport would not keep drilling unless the deposit still looks like a world class mine. He sees 2 paths from here. One being to keep drilling to finish the required work by the Serbians. The other is to quit drilling get all results released and then make a run at buying the