RESERVOIR MINERALS INC V.RMC

perfect

[Buckshot26]

all in my opinion, please do your own due diligence.  this is not investment advice.

great to finally get something to model up.

some numbers to play with for the less inclined or lazy.

this if taken to production will be mined using the block cave technique.  cost of this type of mining are typically around $20 per tonne.

1% copper = 22 pounds per tonne = $80 per tonne using todays spot price of $3.65.

therefore 1% is a reasonable threshold in terms of economics.  spending $20 to make $80 is a good proposition in anyones books.

i personally find it easier to get my head around deposits when i think of them in gold terms.  this is not a gold deposit although it has a very nice gold credit but putting it into gold gives it perspective for me. so at todays respective spot prices 1% copper = 1.47grams gold per tonne.

weighted average of the assays from the 4 holes that outline the resource thus far is 3.36% copper or 4.93 grams gold.

average length of the main intercepts in the four holes is 208m.

the four holes outline a corridor with dimensions of about 350m north-south by 200m wide (east-west).

plug'em in (300x200x200x2.7) and you get 2.395billion pounds of copper/equiv or 5.152 million ounces of gold/equiv

deposit is wide open.

can't wait for 1223.  i suspect 1215 is a miss, but if they can hit on any or all of 1216, 1219, 1220 and 1221 we could look at the above numbers doubling or better.

there is no deposit that can come close to this currently being drilled out in my opinion. 

a couple of people have mentioned this is a no brainer for freeport or at the other end of the spectrum that if freeport bailed the stock would drop to $2..  i have to take exception with both.

while we 're pretty wide open for expansion, what i have modelled this far is only 32million tonnes.  freeport likes monsters 100 or even 200million plus systems.  it's the grade that makes this so beautiful and i have to think it's the grade that will keep freeport in regardless of how the expansion holes come back going forward.  freeport leaving would be a blessing though.  just over 40million shs fully diluted and 2.3billion pounds of copper (or 5million ounces of almost 5gram per tonne gold if you prefer).   even a 200million mkt cap would put us at almost $5.

best regards and glta,

buck

[Morse5]

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[Buckshot26]

long time morse... 450 maybe.   1221 will tell. 250 on the width is probably a no brainer though.  i just couldn't draw it like that without seeing 1216. 16 isn't overly agressive as it it is roriented at 13 so quite logical.  took balls to sink close to a million each into 19 and 20 though, and if both connect, some peoples gonna make some real money.

[Morse5]

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[redmetal]

FCX has barely got their toes wet. Stay tuned.

[Luminous]

I would be careful with this one, just look at GQC to know what happens if the hole grade doesn't get back up to 10% to close to from here.  Chart if appearing to be a mirror image.  JMHO

[Rickthevet]

   Seems like your wattage is a little low and the light in your room is a little dim.  You realise that copper mines grading more than 1% are very rare and extremely profitable right?  The idea that 4% is not good because 10% was reported earlier is ridiculous and sheds poorly on your IQ.  What is important here is the number of tonnes of 1% grade or better.  I would

[redmetal]

Rick, I just gave you a 5. I dare Luminous to show  us the last company that drilled a 100 meter intercept of 4.3% copper equivalent. Freeport is just getting their toes wet in this large Copper Gold region. Early days for sure.

[psj567]

Did anybody else notice that Freeport has brought in an additional drill (RC) onto the project? A very good sign.

[suitcase1]

thx Rick........you laid it out in black and white that all should be able to understand.....now perhaps all will refocus on our NR's and in the good luck we are in owning this monster , instead of beating up on those posting, that are very pleased with our results.