RE:PDACI attended RMC's PDAC event on Saturday evening. It was an intimate affair, but there were a good number of representatives from mid-majors in attendance, as well as a number of prominent geologists, names you would know from newsletters and BNN appearances, as well as the Bay Street crowd. A few things I took away:
1. I spoke with Simon and he indicated that they were making good progress on the operating JV with FCX. He mentioned there were few items left open and the target to closure was 1H of 2015, so that would be within the next 3 months;
2. There was a buzz about the 2015 drilling; Apparently FCX has gone 2.2KM deep (see map in new corporate presentation on website) on one of the holes to test the extent of the porphyry, and one of the geo's I spoke with told me they would not have gone that deep if they were not seeing mineralization all the way down; FCX drills continue to turn, 2 or 3 currently in place and working (not sure, and I can't remember......booze);
3. No drills currently turning on the 100% ground; They have alot of data that they are currently analyzing;
4. I asked one of the prominent geo's in attendance what he thought about RMC and he responded, verbatim, "Best project going anywhere";