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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 Nov 12, 2013 11:06pm
140 Views
Post# 21900129

RE:RE:RE:BG Pumping

RE:RE:RE:BG PumpingWe have known for a long time that Freeport was drilling the 8 holes on the 2 properties 100% owned by Reservoir. They are northwest of the current discovery and are closer to past discoveries like Bor. Reservoir has stated they want to do more JV's with their properties but I believe they are smart and are asking for a better deal since they have now made a major discovery. Freeport probably negotiated to drill for free and if they like what they see sign a more lucrative deal for Reservoir. They have stopped drilling and if the results are another discovery I'll bet they are not going to give Reservoir the results until they have a plan for what they want to do in Serbia. Reservoir tied up the new leases in January of this year. Smart move on their part. I wonder if Freeport did their exploration on the property before January and are just now telling them. I find it interesting that Freeport tells them in September what they did and Reservoir announces almost immediately that they have picked a contractor to start exploration. Seems like Freeport may have found something and maybe close to the surface since they did chip samples. There is a lot going on that could be huge upside for Reservoir. We have the 8 holes on 100% property, 4 holes south that could be a new discovery and now we know about Freeports clandestine activities to the west. I sure hope we get another major discovery to really take this stock to the moon.
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