Post by
psj567 on Jan 03, 2014 5:06pm
FCX's Public Guidance Re Serbia 2014 Exploration Budget
As I posted on December 13, 2013 and explained the basis for in a second post on the same day, based on its public disclosures and guidance, Freeport has budgeted $20-25 million for exploration in Serbia for 2014. It is highly unlikely that any of it is going to be spent for any reason other than advancing Timok. Respecting Timok's materiality to FCX, look for a materiality disclosure by FCX in the first half of 2014. It has no other option under applicable SEC disclosure rules.
Comment by
rob926 on Jan 03, 2014 7:58pm
Where has Freeport publicly disclosed that they are spending $20 to $25 million for exploration in Serbia? Please post a link.
Comment by
psj567 on Jan 04, 2014 7:36am
Go to my second post dated December 13, 2013 on this Board. I have already posted the supporting information and documentation. Do your homework.
Comment by
psj567 on Jan 05, 2014 2:53pm
You are joking, right? Why do you think FCX is not discussing Timok and the RMC JV publicly since initially having done so at its most important investor conference of the year approximately 6 months ago? The reason why, even to the most novice investor, is obvious.
Comment by
OldSurfer on Jan 05, 2014 5:09pm
Sheesh, guys, let's give the snarky stuff a rest, eh? No need for the childish criticisms. We're all trying to learn as much as we can about everything going on with RMC.V; all/any info is helpful.
Comment by
rob926 on Jan 07, 2014 11:07am
All I have been trying to point out is that the amount Freeport is spending on Greenfield exploration is more than they are spending with Reservoir. Freeport has a JV with IGR a private company and Eurasian is there largest shareholder. They are drilling in Russia. The name of the deposit is Malmyzh.