RESERVOIR MINERALS INC V.RMC

NEWS- Lundin Mining Acquires Freeport's stake in Timok

[JMN]

Lundin Mining Announces Agreement to Acquire Interest in High Grade Copper/Gold Project from Freeport

TORONTO, ONTARIO--(Marketwired - March 3, 2016) - Lundin Mining Corporation (TSX:LUN) (OMX:LUMI) ("Lundin Mining", "Lundin" or the "Company") is pleased to announce that it has entered into a purchase agreement with an affiliate of Freeport-McMoRan Inc. ("Freeport") to purchase an interest in Freeport's stake in the Timok project located in Serbia. The high grade copper-gold Cukaru Peki deposit is situated on one of the four mineral licenses comprising… Read More

[thorgb1]

I think ultimately this news confirms that the company is in play. If anyone wants to acquire Timok, the only way to get it is via RMC, and I expect Lundin will look to try to stop that from happening and ensure their deal goes through. I would have to think we will get multiple bids for the company in the near future. We are in a sweet spot.

[santee]

This is part of the game, bonus  will be furthur results. This co. RMC is up for grabs..

[rob926]

Great timing for PDAC! Looking forward to the porphyry hole release. Several ldeep step out holes that will help get an idea of how big it could be. It does not hurt that copper and gold are moving up. Hope we get some great value for our first right of refusal.