RESERVOIR MINERALS INC V.RMC

Trying to process this...

[GeneFrenkle]

I've been trying to process all the recent information we've gotten from Simon, Scotia, and our own MD&A, and my conclusion is that I'm slightly confused, yet very optimistic.  I'm really just going to lay out my thoughts here, and hopefully you guys can debate whether they're useful or not.  Hopefully I don't come across as asking/answering obvious questions.
1. Per Simon, we're not going to receive a single assay from the 2013 drilling program.  That seems odd to me.  Obviously the hope is that the reason for the delay is that they're very high grade, and thus have to be reassayed, but still.  I forget when drilling was finished, but this level of turnover seems ridiculous, especially since RMC specifically stated it would try to speed up the news to the market earlier this year.  How long is Freeport allowed to sit on this information, assuming they have the results?  I'm not sure of the advantage of sitting on the results since they have to lay out all the information if they're going to have good faith discussion about a buy-out.  (Assuming a buy-out, obviously).  I find this ridiculous, honestly, but given we're up so much this year, I'm just excited for what next year might bring.
So my overall impression of that news is optimistic.  And confused..  We may find out the true area of the high sulfidation, as well as the porphryr.  It's possible this will really expand our resource or find more discoveries.
2.  Freeport has been drilling on our land and taking chip samples.  As stated by Rob, we've known Freport was drilling on our land in one of the 100% claims, but apparently they were doing "unathorized" work on another claim.  How/why does that happen?  This is a potentially very lucrative partnernship for both companies, so I doubt either would want to screw up such a possibly lucrative JV.  And why did it take so long for this to be reported?  A drill rig isn't exactly something that's easy to hide...
3.  We know per the Serbian PM that Freeport is massively increasing their drilling budget for the country.  Does anyone know if they have JVs with other companies in the area?  If not, then we're about to have a hole bunch of rigs turning on our properties.  Which means we won't see the results til 2015 according to the current timelines, but still.  I quite like people investing in RMC with other money.
4.  We're doing our own CSAMT surveys.  Does anyone know how long the turnaround is from the surveys to getting any type of results from this?  Obviously these aren't drill core samples, but it would be excellent if we knew whether or not we had potential targets; our original discovery worked out pretty well from CSAMT.

So that's where my head's at.  Hopefully I'm not the only one looking for clarifaction on these issues.

[rob926]

Simon actually said that they have not released any results from the 2013 drilling campaign but hope to in early 2014. Freeport is a big company and is in no hurry to rush this along. From my understanding Freeport has 5 years to finish the Bankable Feasibility Study. Simon stated that they hope that there will be a scoping study done by the end of 2014 followed by a pre-feasibility study and then

[psj567]

rob926-- FCX removed the slide titled Exploration, both brownfields and greenfields, from its slide deck. Not just the Serbian greenfield reference. 

[rob926]

psj567 you are right they took out the whole slide. I looked back at several other presentations and it was also out. Looks like the July presentation might have been the only time they showed Serbia as a greenfield location. We know Freeport is cutting back on 2014 cap-ex since their merger this year with their old oil company. The merger brought on a ton of debt plus the low copper prices have

[megacopper]

Well, I share some of your concerns / observations as well. I thought Freeport had actually drilled on 100% held RMC ground but some say it was only chips samples. So which was it? It was made public knowledge that Freeport was doing unauthorized work on 100% held RMC claims but I am still unclear as to what work they did. We do know now that RMC are doing CSAMT surveys on their 100% ground and

[rob926]

Freeport has drilled 8 holes on 100% owned Reservoir property but that was agreed to last year (the terms of the deal have not been disclosed that I know of). Those holes are northwest of the current find and closer to the original Bor discovery. They are now complete and supposedly waiting assay although it has been plenty of time to have results from at least 6 of the holes so they are playing a

[guiltedge1]

With all your focus on the land around the Bor Mine that Reservoir controls ( and part of which Freeport is JV partner) do not ignore Mundoro. who (a) managed to acquire control of extensive land around Bor, (b) have cash in their bank and (c) will be presenting in London in December and Vancouver in January and (d) is "relatively" cheap. It obviously takes an inspired geologist to take

[megacopper]

Hey rob926, where did you read or hear that Freeport drilled 8 holes on 100% held RMC ground. Was it released in 2012? I just read through a whole lot of RMC news releases on their website but can't seem to find that info. Its too bad we have to dig so hard to find out infomation on this play.

[rob926]

May 2013 MD&A Timok Exploration Permits 100%-owned by Reservoir Minerals Inc. - Serbia The Company now controls exploration ground covering a total of 290.96 square kilometres through four 100%-owned exploration permits in the Timok area, in addition to the 244.9 square kilometres currently being explored under the terms of the Rakita Agreement with Freeport in the Timok Project. The