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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 guiltedge1on Dec 02, 2012 12:15am
336 Views
Post# 20671556

RE: RE: RE: some discomfort

RE: RE: RE: some discomfort

Yes maybe some discomfort.: I noted about the only new info in Ingrams presentation was that drilling is now to be 100 step out (after 200) Note  he did not say 250 or 300..... I am not a geologist but mathematically I might have done just that: - go a long way out then 50% back seems logical. The real asset of RMC is (a) a number of projects in a mineral rich area and (b) a serious amount of money in the bank which is a major issue in 2012/2013. I note that the  RMC CFO is also CFO of Lara and Global Minerals. As thorgb1 has posted on the Lara board " bought to you by the same folks who bought you RMC"....It is not yet clear to me if Lara has any money in the bank as their web site is a year out of date.  However the financial  backers of both Lara and Global Minerals seem to be the same as RMC, the Sprott/Rick Rule stable.  Global - in Slovakia- has a chunk of cash in the bank just like RMC.  Add  a few shares of TOTAL oil of Paris and as Bryon King (i see he is a director of Lara...hey) has observed, your next summers juant through Europe( Paris, serbia, slovakia) could be strictly business, and a tad more exotic than visiting Elko/Winnemucca Nv., and thus might ameliorate some immediate RMC discomfort?.

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