RESERVOIR MINERALS INC V.RMC

moving average

[rob926]

Freeport stopping drilling has sent our shares on a slow down hill drop and now for the first time since the first discovery hole the stock is below the 200 day moving average. To bad Freeport is acting like a pirate and not a partner.

[thomasdanielvcv]

This post has been removed in accordance with Community Policy

[suitcase1]

Is freeport broke or just cagey , trying to figure out how to bend us over. How much more drilling is required on the jv portion before mine commencement do you figure? Anyone ? Nice support on share price today Hope we have drill results when tour begins in september

[rob926]

There is a lot of drilling that needs to be done especially to define the porphyry. I remember reading that it might need underground sampling at some point. Deposits take a long time from discovery to being a mine. Part of it depends on how this discovery fits into Freeport's expansion plans. They have been spending about 80% of there budget drilling on their current property where they

[cd673]

All good things come in time. FCX has to drill at some point as they need to know full size to mine, or sell. And RMC has lots of other irons in the fire. It's good to see support at 6 and even though othets are selling it seems. I'm patient for now.

[suitcase1]

thanks all , still early days here. would be nice to see fcx restart drilling also

[angelnotes]

This is definitely a good buying opportunity for a long time ..  below 200 day moving average, especially that reports of drill results should be due to come out  in the next month or so. Don't wait too long, Freeport ...   

[suitcase1]

Did FCX ever disclose the results of their sneaky drilling on our 100% property ?

[rob926]

From what I heard they did not drill just took samples and did some other surveying. There have not been any holes drilled on the property we are now drilling.