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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 cd673on Mar 14, 2015 9:27am
150 Views
Post# 23520862

RE:Timing

RE:TimingI think  the license renewal in Feb. may have helped also, with the Serbs wanting action I'm sure.

We have a few outstanding holes incl. the step out that should come soon, so should not have to wait for news long, and there is lots of drilling to look forward to with 18+ months of news ahead from that.  Sizing of the porphyry will be interesting when that comes - must be huge -, and a final determination if there is direct ship ore to ensure a rapid project payback. 

It will be interesting to read the agreement when it is posted on Sedar, to understand their entitement to release results, and other key terms.   As well as M&A provisions.

We lost a year of drilling getting to this agreement, but are there now. While it may take time to regain shareholder confidence and volume, I think that will come. It's a  great time to buy.  I added more myself.

A final thought - it seems like they are taking their time on the 100% land which is probably wise to conserve cash.
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