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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 Aug 21, 2014 8:52pm
111 Views
Post# 22867430

RE:RE:moving average

RE:RE:moving averageThere is a lot of drilling that needs to be done especially to define the porphyry. I remember reading that it might need underground sampling at some point. Deposits take a long time from discovery to being a mine. Part of it depends on how this discovery fits into Freeport's expansion plans. They have been spending about 80% of there budget drilling on their current property where they allready have mines running. Under serbian law I think there is about 5 years left to get it going. Which is better than our terms in the JV which gives them 7 or 8 years. I think the tour is in October.
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