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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 Dec 02, 2015 9:29pm
101 Views
Post# 24348975

RE:RE:RE:Rio Tinto Is Locking Up the District

RE:RE:RE:Rio Tinto Is Locking Up the DistrictAppears they have a 1 mill min exploration commitment in 2016 to AVZ which is different than the RMC deal, and they have 60 days to do DD on the RMC option, but it does not look like the same for the AVZ deal.  Unclear why the difference since the deals appear very similar otherwise., other than RMC has more land in play.  However, the key point to me is finding something is not a given, and $1 mill doesn't go that far. How many holes?  Overall looks to me like RIO is smartly dropping options in place given the potential for Timok, but other than $1 mill have committed little. GLTA
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