RESERVOIR MINERALS INC V.RMC

The Market is Offering us all a very mis-priced st

[psj567]

Whether it is tax loss selling, profit taking, margin calls, weak hands or just plain stupidity, RMC at $2 when you subtract out the approximate $.45 cash per share, the market is valuing RMC's interest in the Timok Project at about $60 million. The stock will double its current price within the first 6 months of 2013. Freeport just added a fifth drill, is continuing with step-out holes as well as starting infill holes and is spending over $1 million a month on the Timok exploration. On top of it all, RMC does not and is not spending a penny of its own money. Today was a great day to buy!  As I posted previously this week, 96-97% of the float has not traded since the last press release. By the way, RMC is now at about the same price it was trading at before the 10% CU hole news release. In essence, Mr. Market is giving the company no credit for the several hundred meters of 10 %, 4% and multiple 1% plus holes that have derisked the project significantly. Opportunities such as this rarely present themselves.

[freewest]

i'll wait for it below $1.40 the technical support is not strong till under $1.00

[psj567]

The bottom is this week, which for all practical purposes is the end of tax-loss selling for Canadians. Early January will see RMC back at $2.50 level and after the additional drill holes are released near the end of January, it will be back at $3.50 plus.

[rodneyc]

  Dude – let’s not get everyone pumped up about NRs in the near future. You should read my post “Something interesting in the last NR”. We might also expect slowdowns in analysis due to the season. We sure don’t want the Vodka and caviar to ruin our results – do we?

[psj567]

I read your prior post. Good luck to you. There is no "pumping." The market as experienced investors know, can remain irrational for a long time. Buying up shares this week that the lemmings and weak hands are selling will ultimately prove very profitable. The current valuation that the market is attributing to RMC, simply stated, is offering patient, long-term investors a rare

[rodneyc]

  Yes – but what I am saying about your statement “after the additional drill holes are released near the end of_ January_” is likely not rational.

[CruxMatter]

  For me, the posting "Something Interesting in the last NR" woke me up a bit. This is when I reached out to ask questions. This is not secret news - it is in the PR. I am not an expert is understanding results - but I am smart enough to understand the significance of basically having to 'double-test' results when the grades are high. The labs don't double check when the