RESERVOIR MINERALS INC V.RMC

Freeport pulls equipment out

[Walterplayer7]

According to Adrian Day at the recent NOIC Freeport has pulled all of their equipment out of RMC drill sites. That does not seem to bode will for the next several months.

[megacopper]

There hasn't been any drill holes released from the drilling that took place in 2013 that I am aware of so there are a tremendous amount of results to come out over the next few months. So just because drilling has stopped temporarily it doesn't mean bad news for RMC. Freeport has already decided based on drill results that this thing is absolutely huge and they want it. Now they

[psj567]

Old news. Second, FCX stopping drilling is the best sign possible for RMC.

[rob926]

Pulling the drills is just the start of the games. Freeport has drilled many holes most in 2013, but chooses to slowly release only the holes drilled in 2012. Freeport has a lot of work to do to deliver a BFS. If Freeport wants to take out Reservoir before the BFS (which they have 5 years to complete) then it is in their best interest to slow down the process, evaluate what they have so far and

[santee]

De-ja  vu , again and again. The end is. good management, project and shareholder interests. The results are a given , a substantial increase in value . The playout might be a lot sooner than some expect. The key is to patience the reward possibly more than some expect..

[rob926]

If I was Freeport I would make a move soon before there is to much value creation, and if I was Reservoir I would hold out until I knew as much as possible about the current discovery as well as any potential new ones. I am still in the camp that we are more at the beginning than the end of this story. I have been told that Freeports average in the past is 13 years to do a BFS and at a cost of

[megacopper]

Don't forget that this deposit is only a few miles away from an existing mining operation with smelter, power, skilled work force and other infrastructure and they are increasing the capacity of that operation. It will not take 10 years to get this thing into production. It could be as little as 3-5 years if Freeport wants to get aggressive. For all we know a decision has already been made on