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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 rob926on Jan 23, 2016 10:55am
131 Views
Post# 24486859

RE:RE:RE:RE:RE:Good God....

RE:RE:RE:RE:RE:Good God....I hope that at whateever deal Freeport tries to make that they can only do it with 55% interest. That would give us almost double our value in the discovery. Now that it is a known big discovery we should be able to negociate a great deal with another big player unlike when we negociated wirth Freeport before the discovery was made. Some kind of deal like partnering up with Rio since they are interested in the area. A deal could be they but Freeports 55% and carry the costs to a BFS and then they get 10% more leaving us with 35% instead of the 25% we would have gotten from Freeport. With that in mind does anyone know if our contract we just did would keep us from renegociating something like that or would we still only get 25% with a BFS and still have to pay upto 25 million?
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