Get a GripDon't let irrational market lemmings interfere with a sound investment. Investment success requires patience through all market cycles. Just look at the developments in the last 2 weeks. Freeport has gone public promoting its JV with RMC as a project that is likely to add significant value to Freeport in the long run and it has resumed drilling with 5 rigs turning as we speak. One of the rigs is testing the outer limits of the porphyry while two rigs are drilling through the High-Grade Zone. Freeport's oil exploration plays have been miserable failures thus far and it has sold off two of its lesser copper mines. Its biggest copper mines are in terrible jurisdictions, Indonesia and the DRC, which bode poorly for Freeport going forward. Freeport's share price has tanked by about 30% in the past 3 months. Freeport's management badly needs a growth story that it can sell to shareholders. Yes, the Serbia JV with RMC is the answer. Freeport's heretofore negotiation strategy with RMC that it would not drill another hole until a JV Operating Agreement was signed, by Freeport's own admission, has been an utter failure. Kudos to RMC management for standing strong during negotiations. With 5 rigs turning a JV operating agreement will likely follow soon. The combination of the end of commodity funds' redemptions by year end and the positve news flow that will start in early 2015 will be significant catalysts for share price appreciation. Once RMC releases its PEA in the first half of 2015, it will be ripe for a takeover by someone.