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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 May 16, 2014 10:37am
267 Views
Post# 22569614

RE:RE:RE:RE:Bankable Feasibility Study

RE:RE:RE:RE:Bankable Feasibility StudyI agree Meester954. I also bought at the offering and continued buying up to about $2.50, and now own over 1% of the stock. I'm in this for the long haul (I will sell some shares on rthe way up). I made this decision quite a while ago. A deal this fall would be great at the right price but I'm not so sure that holding our 25% in Timok would be a bad thing. If there is a deal done this fall we will not know the true value of the whole property. Even now Freeport is still drilling more holes on their brownfield projects and proven up more resources at old mines like Grasberg.  Another reason to keep the project in my opinion is copper and gold prices will come back sometime and then what would the discovery be worth with $1,900 gold and $4.50 copper. I made the decision to hold for the long term when I asked Reservoir about all the scenario's that were floating around on the street and the comment I got back was would it be a bad thing if we owned 25% of a huge mine 10 years from now, and with that thought I'm in for the long haul if that is what it takes. Time will tell!
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