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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 Oct 02, 2014 1:40pm
116 Views
Post# 22992108

RE:RMC Is Now In Takeover Territory

RE:RMC Is Now In Takeover TerritoryI do not think that the investors or management would vote for that. Somewhere north of $10 maybe but I doubt it. We do not know what we have and wont until we drill a lot more holes and explore the area around the discovery for more pockets of high grade. I think management might be willing to go all the way and be a partner in the mine. I hope we are asking in the operating agreement that Freeport builds the mine and loans us the money for our 25% and we pay it back with our proffits. Other companies have had these kind of JV's. We need to hold out until commodities come back in favor and we have drilled a bunch more holes. Remember we stopped drilling right when Freeport drilled into a shallow porphyry up north. To much needs to be done before we sell if that is what management ends up wanting to do. Probably about 2 years if Rick Rule is right.
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