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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 Jan 28, 2014 8:58am
141 Views
Post# 22141259

RE:RE:RE:RE:RE:RE:Massive numbers.....

RE:RE:RE:RE:RE:RE:Massive numbers.....Reservoir's estimate used a cut off of 1%. The release said that 26 holes intersected the HSE mineralization. Add that to the holes we know that missed which could be up to 12 if we count the 3 that were terminated. That’s 38 holes which is almost all the holes drilled at the discovery area. They quote hole 1332 which was drilled to 2160 meters but no mention of any of the later deep holes finding more porphyry, but they did say that it was open in all directions in their latest presentation. There is still hope that it is very large. It seems the cost per ton was lower than the analysts are using and I do believe Reservoirs price is not net of gold. Can anyone confirm the per ton difference?
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