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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 Feb 18, 2014 8:36pm
180 Views
Post# 22222673

RE:RE:Freeport's Chess Move

RE:RE:Freeport's Chess MoveGood point, maybe there is a strategy at play here. Disclosure may be it. One thought that crosses my mind is that it must be mineable, otherwise why drill 1328, 1332, 1334, 1340 etc. So that seems good. And interestingly, 1340 the P appears to be more shallow, and coming back to the surface and there are HSE intercepts too. Maybe there is another mid to high grade in the NE direction. I would think they would keep drilling that way assuming they own the land! How far does their land go? And who has the land to the NE? Meanwhile for 1332 there are 3 distinct depths of intercepts. Very promising. So many holes and so many hits. I would think this is starting to look like that grand slam we all want. Powerball scale maybe. But who knows. Crazy market. In my mind I have distilled it down to a few outcomes at this point, any of which could happen in 2014 through 2017 I guess: - It becomes a mine and RMC is a partner long term - Freeport buys them - The Chinese buy them - The Chinese and RMC and another mid tier take out Freeport - Some combination of the above As before RMC is well positioned in all cases. But patience may be key. I would still love to see another $20 mill put into 2014 drilling by Freeport. Then we will know what we have. In the meantime I hope we can keep climbing and with a solid base of support. GLTA
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