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Bullboard - Stock Discussion Forum 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 Discussion

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Post by guiltedge1 on Aug 13, 2012 2:35pm

Stepouts

Wide steps indicates to me that Freeport has the funds to research the neighborhood ( as opposed to the usual junior tactic  of trying to attract more excitement by placing a second drill hole a mere five feet away) ..or am I missing something?.  What else does it indicate to you? Until any further drill results get published all we have to go on is one drill hole..  I have trouble getting really overly excited - yet.. Yes there are multiple drills operating.presumably in different  directions....to presumably speed up the conclusions but until we get those results what can we really conclude? - Other than Freeport has the funds to do it all at the same time.
Comment by thorgb1 on Aug 14, 2012 8:54am
Agreed, and good points. But remember Freeport could have chosen any interval for their stepouts, and using 200M stepouts seems to indicate that they think they have a fairly large deposit on their hands. They have been punching holes in this property for over a year with 4-7 drills turning, so I have to think they have a better understanding of the size of the deposit then we would expect, and ...more  
Comment by thorgb1 on Aug 14, 2012 11:54am
Wow, judging by the trading action today people really seem to like my response in regards to the stepouts....8^)