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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 rodneycon Oct 06, 2014 4:47am
140 Views
Post# 23001067

RE:Cukaru Peki discovery publicly touted by Freeport

RE:Cukaru Peki discovery publicly touted by FreeportAt the investor tour I overheard some analyst speaking about the Denver show - and stating the Cukaru Peki discovery was seen as one of two best mining projects in the world. I think this perception is largely due to the Cu grades and the location in Serbia / Europe providing good infrastructure and access. In addition - I had an opportunity to speak the drilling contractor. He told me that access to the RMC properties is very easy because of the existing infrastructure. He said that they could drill any time of the year as a result of the accessabilty. In other words there is "no" drilling season like most other projects because access is so easy. In an RMC presentation we were told that Freeport is taking the shareholder agreement seriously now and they should be motivated to finalize the agreement because: a) they have several staff in Serbia they must justify b) its Freeport budget season c) the license must be renewed in Feb. 2015. We were told that enough work had already been completed for the renewal but that the Serbian Gov. Will likely put some pressure to avoid future project stalls. Let's hope the stars align and we get are agreement soon and drilling can commence.
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