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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 Apr 10, 2016 8:02pm
206 Views
Post# 24750296

RE:Lundin....

RE:Lundin....They sound like they are being a bit coy at this point. They should remember one of Warren Buffett's great pieces of advice which is that it is far better to buy a wonderful company at a fair price than a fair company at a wonderful price. Personally I don't think an outright acquisition is in the cards anyway nor do I think it would be in our best interest for that to happen because clearly the Deep stuff could be a whale and we need to know more about that before getting to that point. as for price I absolutely think the company will soon be worth in the range of 12 to $15 per share but it could take two or three more years for the property to develop to see that be realized. As for price I have no problem believing the 12 to $15 range is there however I think it will take two or three more years for the property to be developed further before we will see a price in that range. That's just my hunch but the market is trading at a heavy discount right now and that will continue in spite of the excellent position we are in. One thing that is very encouraging is all of the reports seem to indicate the high-grade would be mined in the near-term future which is highly unusual for a copper development and lucky for us. GLTA
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