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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

Post by psj567on Feb 03, 2013 6:09pm
241 Views
Post# 20931623

Freeport's 2013 Greenfields Budget

Freeport's 2013 Greenfields Budget

In its 4th quarter and year end report posted on its website, Freeport reports it has budgeted approximately $78 million for greenfields exploration in 2013. In the slide presentation accompanying the 4th Q and year-end conference call, at p.29, Freeport reports that about $26 million of the exploration budget is targeted for "other areas" where Freeport currently does not have a producing mine. Does anyone know of any greenfields exploration by Freeport currently in such non-producing areas other than its Timok JV in Serbia with Reservoir Minerals? Twenty-six million dollars is a nice 12 month exploration budget if most or all of it is earmarked for the Reservoir JV.

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