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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 May 29, 2013 3:31pm
151 Views
Post# 21456974

RE: RE: RE: Jasikovo-Durlan Potok Exploration

RE: RE: RE: Jasikovo-Durlan Potok Exploration

Seems like good logic rob926.  I would guess that Freeport is drilling to try figure out of it should take Reservoir out of the Bor region in  one fell swoop, rather than in parts which would be more expensive.  If they are considering buying the remaining 25% of the current target, I think they should look at the rest at the same time before making a decision.  Hopefully they see the region as a big play and go after it all together with a big multi year multi site project.  Regarding the timing of news, I'm not sure if anyone can answer this, but what is the legal requirement to release drill results, good or bad, in a timely manner?  And would it be different for the jointly owned site vs. the 100% owned ones, or is the latter simply based on whatever they have agreed with Freeport?  I can't see Freeport toying with them being the issue, but rather just the time and effort to analyze results, and Freeport trying to figure out if this is a site they want to tie up or not.  Hopefully more news comes soon while the US stock market is still hot, thought sadly commodities are not, and all indications this will be a long up and down journey.

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