Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 thorgb1on Oct 22, 2015 11:51am
100 Views
Post# 24216559

RE:RE:Why would Freeport sell?

RE:RE:Why would Freeport sell?I don't believe there is any chance that Freeport sells this property. They are divesting from their oil and gas businesses, which were what were ultimately responsible for their problems in the first place an refocussing on their core mining businesses, so I just can't see why they would walk away from the most exciting discovery in the last 50 years. Their lease on Grasberg expires in 2021, and they are also on the hook for building a $2B smelter in Indonesia which I am certain they do not want to pay for, and given the problems they have had in Indonesia over the last 10 years they might be looking to get out of that region, but to do so they need to replace their inventory. Timok might just give them the flexibility to do so, in a much more mining friendly jurisdiction with infrastructure in place. My thinking is that they are fast tracking this to understand how big the porphyry is so they can better ubnderstand their strategic options going forward.
<< Previous
Bullboard Posts
Next >>