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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 cd673on Dec 10, 2012 5:34pm
209 Views
Post# 20709768

RE: RE: RE: Latest Drill Results

RE: RE: RE: Latest Drill Results

I would imagine the key thing to watch at this point is if Freeport continues to fund the feasibility study. It appears from the news release they are continuing to do so. I'm not sure which way the stock price is heading tomorrow - but I do own this stock and hope upward.  But if Freeport stops funding at some point, I'm not sure even $2 would be sustainable.  Maybe since funding is still in place we get a lift or hold for now until the other holes are scoped, though there has been doward pressure in recent days which does not bode well. Depth wise I'm no geologist either, but the other major project in the area was built years ago at similar depth, so it may not be a big deal with today's technology.

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