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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 26, 2016 6:53pm
194 Views
Post# 24812750

RE:Nevsun Valuation Attempt

RE:Nevsun Valuation AttemptYour assumptions look pretty good. I think some Nevsun shareholders think that in this market they are paying to much for our 25%. Having a ROFR is great but does not make our deposit any more valuable just our negotiating power is better than Freeports. I’m sure some Nevsum shareholders are looking at this like Lundin was paying a fair price in this market or Freeport would have sold to someone else. Now their company brings us in with big dilution and a price tag that is over double what the Lundin deal was for. On top of that they only gained 33% more High grade. Granted they got a little more than 100% more porphyry but no one is giving value to this part of the project yet. Another day of high volume for Nevsun a little over 4 times average and a slight down day. Some investors are getting out. Once the shake out is over hopefully we can start moving back up. 
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