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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 08, 2016 6:22am
139 Views
Post# 24633218

Short or long term thinking

Short or long term thinking Rob you make perhaps the most important point of all and that is that we have to retain the lower zone. When we talk about a present value of a billion and a half to two billion dollars we are talking just the high grade if that alone translates to around $30 a share if reservoir owned it all (less the cost of getting the money). And yet they could buy it for a fraction of that. That is a once in a lifetime opportunity. And on top of that there's something potentially far more vast sitting right underneath it the real value the Freeport has been interested in all along. That is not just a once in a lifetime opportunity that is like winning the Powerball twice. Most people would have to spend their whole life dreaming about a win like that and yet here we are with a win like that absolutely within our reach and I believe a management team that knows how to get it done. There may be some temptation to take the short term money but within four to five years the cash would be rolling off of the high grade and there still be decades of run rate on the mine. That is life changing money for these guys.
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