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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 angelnoteson Sep 08, 2014 6:37pm
157 Views
Post# 22917377

RE:RE:RE:RE:RE:RE:Looks like the ride is done??

RE:RE:RE:RE:RE:RE:Looks like the ride is done??The link to the article is:
https://www.tanjug.rs/news/140607/rtb-bor-strategic-partner-tenders-to-be-called-soon.htm

This could be what Freeport is looking at;  but it is ALL about economics.    Would Freeport invest $230 million now to get these three ore bodies?   Are these ore bodies silimar in size with the JV ore body?   The amount Freeport spent to date on acquiring the 55% and on drillings on the JV with Reservoir Minerals is a drop in the basket compared to $230 mil.

I would think companies who don't currently have action in Serbia but want to will definitely tender for these three ore bodies.

Other thoughts?
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