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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 psj567on Nov 20, 2012 11:17pm
215 Views
Post# 20624886

RE: RE: RE: 2012 Stock Chart For Reservoir Mineral

RE: RE: RE: 2012 Stock Chart For Reservoir Mineral

Drill results likely released on Monday. All RMC needs is 100-150 meters of 1% Cu eq. in these next holes to de-risk project significantly enough for institutional buyers and funds to step in and buy. Freeport is drilling real step-outs, 200 meters as oppossed to typical 50 meter step-outs that juniors drill. Freeport is drilling very expensive, deep holes and in essence is trying to drill off the limits of the deposit. In this respect, one would reasonably expect that at least one of the pending, outlying holes would not have significant mineralization. IMO, fair value for the three known drill hole results currently is about $3.75. If two of the new holes come in at 100-150 meters of at least 1% Cu eq, then at least a $5 share price is justifed. What the market will actually do in the short term is anyone's guess but these next holes will go a long way in determing that a mine will be built.

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