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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 Dec 03, 2013 2:03pm
180 Views
Post# 21964879

RE:RE:RE:RE:RE:Freeport

RE:RE:RE:RE:RE:Freeportpsj57 the holes are spectacular. I thought the stock was going to really jump when the market opened. I was surprised the stock jumped more each of the last 2 trading days than today. Being a bit frustrated with good news and that the stock  is not making a new high today prompted me to read the whole news release. After reading the whole release I learned that they announced 5 holes. Hole 1220 that was drilled vertical at the same location as 1217 (1217 was drilled at an angle towards the target). It intersected only 2.9 meters with 5.27 CuEg so they are saying this is probably the Southwest edge of the high-sulphidation zone. Hole 1221 a step out to the Southwest was pretty much a bust. Hole 1330 was pretty much a bust with the best showing of 18 meters 1.19% CuEq. If you look at the drilling map holes 1212,1330 and 1220 show at best the westerly boundary. Then we get holes 1341 and 1344 with great high grade intersections with some depth. There are still 7 more holes in this tight group which I talked about in an earlier post when I mentioned they were tight and all drilled at close to the same angle in a cluster of 3 locations. Looking at the drill angles it is obvious they are trying to see how far out the high grade is extended by drilling from the same place instead of stepping out like they have done with the other holes. I think the reason the stock is not jumping even though 1341 & 1344 are spectacular holes is  they are not a continuation to the other discovery holes. That has now been shown by 1330, 1220 & 1221. Had these 3 holes had positive results the stock would have really jumped because the deposit would grown immensely.  Same can be said for holes 1215 and 1216 which were also huge disappointment’s. Hopefully the discovery of 1341 & 1344 ends up having some width. The north end of the cluster has holes 1343,1348,1349 and the new hole 1350. You can bet with 4 tight holes like around 1341 that there will be good news down the road for that location. I’m not sure why you are attacking me since all my comments come from analysts’ reports, MD&A’s, Simon’s interview, Freeport’s presentations and talking with management at Reservoir. I own a lot of shares and this is by far my biggest position so I’m following as close as I can an being as objective as I can. We still need to prove the Porphyry to be a Tier 1 for Freeport (that is not my opinion it was GMP’s).  
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