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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 Nov 07, 2013 2:05pm
294 Views
Post# 21885756

FCX

FCXBy now, FCX likely has modeled Timok and calculated the resource in-house. The decision to build a mine has been made. FCX is positioning itself for the RMC takeover. Price will likely be $8 to $12 per share, or about $350-500 million for RMC's interest in the project. Plenty of willing buyers in the $4.20 to $4.40 range--- it is still a bargain at this price.
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