Freeport StatusThe good news for RMC shareholders is that Freeport's valuation is attractive now, its share price having fallen nearly 30% this calendar year. This is significant should Freeport use its stock for any attempted acquisition. The better news for RMC's shareholders is that Freeport's strategy respecting RMC conitnues to be one of trying to beat RMC into submission rather than pay up for this very valuable asset. Freeport's strategy thus far has failed miserably and it is only a matter of time before it caves and pays up fair value. A series of brilliant moves by RMC management over the past 12 months has boxed Freeport in. With RMC's cashed-up treasury Freeport is unable to squeeze RMC financially now. Nor will Freeport's apparent strategy of slowing exploration down, not sharing information timely with RMC and trying to bully it work any longer. RMC's exploration and drilling of its 100% owned property this summer is the game changer strategy-wise. Should RMC make another find, it then opens the door for another major to come in and buy all of RMC's Serbian interests, giving it 100% of the new discovery, 45% (ultimately 25%) of the Timok property, and a very large land package in a district size scale. Freeport would be left with only 55% (ultimately 75%) of Timok and nothing else. Is Freeport stupid enough or, depending on how one views it, brazen enough to let things get to the point where RMC is awaiting assays from its 100% owned property later this year? I suspect Freeport will not risk bringing a competitor into this district size potential play.