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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 Aug 14, 2012 8:54am
327 Views
Post# 20214110

RE: Stepouts

RE: Stepouts

Agreed, and good points. But remember Freeport could have chosen any interval for their stepouts, and using 200M stepouts seems to indicate that they think they have a fairly large deposit on their hands. They have been punching holes in this property for over a year with 4-7 drills turning, so I have to think they have a better understanding of the size of the deposit then we would expect, and that they didn't decide on 200M blindly. Regardless of how many resources Freeport have at their disposal, I am sure they are not in the business of pishing away money drilling random holes.

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