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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 Dec 05, 2013 3:27pm
218 Views
Post# 21975937

Good Weekly Volume and Strong Buying in the $5-5.40 Range

Good Weekly Volume and Strong Buying in the $5-5.40 RangeIncluding today, the last 5 trading days have seen 1 miilion shares total traded, the majority of which have been in the $5 to 5.40 price range. Good base-building towards the Scotia and GMP 12 month price targets of $7 and $7.60 respectively. Although Scotia has not yet formally updated its DCF valuation to take into account the increase of 22% (about 5 million additional tons of 5% CuEq) in its model based on this week's assay results. When it does, its 12 month target of $7 will likely increase to an $8 number. It should be noted that the Scotia DCF valuation itself is very conservative because it ascribes no value yet to either the porphyry mineralization or the RMC 100% owned permits.
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