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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 cd673on Dec 06, 2013 4:57pm
234 Views
Post# 21980789

RE:Macquarrie Research out....

RE:Macquarrie Research out....If the deep stuff is that big the simple math assuming 2x higher cost to mine is another 7 bucks on top of the 7 expected for the high grade. The deep would be Equivalent to 100mt of 5.5% grade but assume half the margin. 14 total share price. And I do not think that takes into account this amalyst saying the high grade may be 56mt which is 2x the scotia estimate. It will get very interesting in 2014 if the deep is quantified and or another deposit is found in the area. GLTA.
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