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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 19, 2016 7:25am
80 Views
Post# 24782246

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Question? And be nice on your answers!

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Question? And be nice on your answers!I think if they come in as proposed it would have to include a bigger share for us of the high-grade as well as a clear commitment to finance the development of the project. Otherwise it would not be a win from us holding the right of refusal and I think it would be very negative for the shares short-term while long term it would be a positive. My guess is someone like Rio will not come in because they don't want to get into a project with FCX given their financial difficulties there's too much uncertainty to be in a project with them right now. Only a midsize like Lundin would be prepared to make that move as we have seen. My guess is RMC will take control of the project and then it will take some time for further developments to unfold. There's lots of money and mine expertise out there to tap into over time. Glta
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