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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 psj567on Sep 21, 2015 3:57pm
198 Views
Post# 24122935

RE:RE:Freeport Forced To Raise Another $1 Billion (US)

RE:RE:Freeport Forced To Raise Another $1 Billion (US) Just the opposite. In a good market, Freeport would likely never put its interest in Timok up for sale. It is considering selling now because it has to-- and there are plenty of interested buyers. Precisely because RMC has a ROFR as to any sale, RMC's value is enhanced in this, a buyer's market. The road to buying Timok goes through RMC. As to Freeport's experience, the high grade zone is neither complex nor difficult to mine and it is this part of the deposit over which would-be-acquirors are salivating. CAPEX for the high grade zone is minimal and paid back in 2 years. Thereafter you get gobs of free cash flow from production, some of which can be used for the porphyry CAPEX years down the road. As an RMC shareholder, it is great that we own arguably the best copper discovery in 30 years or more. It is even better that we own the ROFR and thereby control disposition of this highly-sought after asset.
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