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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 03, 2016 11:53pm
143 Views
Post# 24620649

RE:RE:Freeport's stake in the Timok project sold to Lundin

RE:RE:Freeport's stake in the Timok project sold to LundinDeal makes sense. Fcx would never sell the lower zone without sizing it (years away). And having someone operate and fund the high grade is smart short term. Also indicates high grade feasibility is nearly done, there is likely DSO, and lower zone is clearly a potential whale. I hope Rmc works with Rio or someone else to match this deal. Logically unless Lundin pays a big premium to Rmc we'd be better with a major partner and a bigger stake. We know what Fcx will accept and it's cheap. There must be some significance to the fact this was announced without a deal being announced with Rmc at the same time. Interesting times indeed. It's time for management to work some more of their magic!
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