RESERVOIR MINERALS INC V.RMC

Share Price

[rob926]

I thought we might get a bump in share price going into the Spott conferrence this week but we just keep moving down little by little. We are almost back to the last equity financing price. Freeport rally needs to get vback on this project and get drilling!

[georgxfg]

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[psj567]

The share price is going in the direction which Freeport wants. At the moment, Freeport has no incentive to provide a catalyst for the share price. The next catalyst will be over the next several weeks once the drill rig(s) are on site at RMC's 100% owned property. This drilling will also force Freeport's hand.

[rob926]

I agree about Freeport not wanting our stock to go up and great if it goes down. They are negotiating with the Serbians and the smaller the valuation the easier it will be to strike a deal that is reasonable with the Serb's and Freeport and ultimately us. The rigs will start soon but it sounds like the results wont be for a few months. Not positive on this but I think Freeport has some time

[psj567]

Rob, are you at the Sprott Conference this week? If yes, when does RMC present?

[rob926]

Yes I am here. They presented today. Not much new  new but they did say they have identified seven prospects on the hundred percent owned property next door and will start drilling in eight days.  They are hoping for a shallower target than  the original discovery because they have found some host rock at surface. Holes should drill fast being shallow maybe just over 30 days. They