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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 thorgb1on Apr 19, 2016 9:46am
161 Views
Post# 24782897

RE:RE:NEWS- Reservoir Announces Positive PEA results for the Timok

RE:RE:NEWS- Reservoir Announces Positive PEA results for the TimokI don't think that was the news that any of us was waiting for, but the PEA demostrates the solid project fundamentals even with copper and gold prices low. When production starts we may be looking at copper between 2.5 and 3 and gold at 1500+, meaning the upper zone alone is massively profitable. Not sure what to make of this though? More housekeeping? Negotiations for an acquiring party or a lender? 
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