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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 rob926on Oct 15, 2013 10:48pm
207 Views
Post# 21818670

RE:Results

RE:ResultsReservoir stock has been halted pending news several times which shows once they get the results from Freeport they have had a hard time keeping a lid on it. Since any hole results are material to the stock price it is in Reservoirs best interest to disclose as soon as possible. Freeport on the other hand being a 35 billion dollar company does not have to report it until it is material to them. I think the only reason we are getting any results is Reservoir is asking for something for their stock holders. Freeport is not releasing enough results to Reservoir to make it material news to their stock price. Freeport has not made any announcements to their shareholders and barely even acknowledges this find. I expect we will see news dribble out over time but will get a whole lot of news when Freeport wants to go public with the news to their shareholders. I would think that would be when they can actually put some resource numbers together that analysts could actually value what the find might be worth. Slowing down the drilling rigs will allow Freeport to drag this out for a longer period. The actual foot print of the known find is still not known. They have purposely not drilled at least 3 or 4 holes that are very important. Hole 1211 to the north was a dud so we do not know where the northern boundary is. Hole 1216 to the east was a dud so again we do not know where the boundary is and the same goes for 1215 to the south south east. Had these 3 holes not been duds this project would be a known winner and our share price would be reflecting it. With one drill turning I would expect at some point they will finish identifying the northern, eastern and southern boundaries. At  that point all the other holes will be done being assayed at this find plus the other 12 holes at the new prospects and hopefully we will get great news. No one has made an estimate yet of what we have found and I think it is because there are key holes that were dudes and they have not drilled new holes to find the boundaries the duds missed. 
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