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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 rob926on Apr 20, 2016 11:43am
156 Views
Post# 24788936

RE:Have to wonder....

RE:Have to wonder....One thought that comes to mind since Lundin said talks with Reservoir Minerals were going well is a deal that is a win-win for everybody. If Lundin turns out to be the preferred partner for furthering this project we could use our ROFR to negotiate buying 25% of the high-grade at Freeport's low selling price. Because of the ROFR we might be able to also negotiate that the responsibility is still theirs to fund and complete the BFS as well as have full responsibility of meeting Freeport's requirement for drilling the porphyry. This would double our share of the high-grade for a minimal cost and retain what appears to be an aggressive partner to move this project forward. I would be interested to hear your thoughts thorgb1 if you think we might do a win win scenario or is this more an all or nothing kind of deal. 
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