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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 Oct 03, 2013 9:17pm
203 Views
Post# 21789835

RE:RE:Chess Match?

RE:RE:Chess Match?Did some history work. Looks like the Freeport deal was signed in 2010 and CSAMT done in the field in 2011 to identify drilling propsects, then drilling after that, the big score in 2012, and here we are today.  So this appears to be a different approach, with RMC financing the CSAMT vs. having a partner in the mix.  Probably a combination of negotiating tactics with Freeport who seem to want a big footprint in the area, and trying to be a more agressive junior.  Anyone know how much it costs per kilometer to do this type of work?  I suspect not a lot, which is good as it is best to keep the burn low in this market.  So it seems like a step in the right direction, as they mature, granted 99% of the value here is in what the have found, not what they might find.  So focus on the big score is the key for management  and shareholders.   And many holes are still to come on that, plus the wider exploratory holes, one of which could hit.  90 days till end of year. Will 2013 reward us further. I hope so.
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