RESERVOIR MINERALS INC V.RMC

NEWS- Reservoir Announces Positive PEA results for the Timok

[JMN]

Reservoir Announces Positive PEA results for the Timok JV and Cukaru Peki Deposit in Serbia

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 19, 2016) - Reservoir Minerals Inc. ("Reservoir" or the "Company") (TSX VENTURE:RMC) (OTC PINK:RVRLF) (BERLIN:9RE) is pleased to announce the results of the Preliminary Economic Assessment ("PEA") undertaken by independent consultants on its 45% owned Timok JV Project and Cukaru Peki deposit in Serbia. The PEA base case considers the potential economic merit of a Phase 1 starter mine, with access via a… Read More

[cd673]

It's a great move to put out this report;glad to see they were able to utilize srk again in a strategic capacity. And also it looks like the capex to get this thing going is only about two hundred million dollars which is incredibly low. I don't think they'd have any problems securing funding to mine the high-grade themselves and hire a party to do the work.

[thorgb1]

I don't think that was the news that any of us was waiting for, but the PEA demostrates the solid project fundamentals even with copper and gold prices low. When production starts we may be looking at copper between 2.5 and 3 and gold at 1500+, meaning the upper zone alone is massively profitable. Not sure what to make of this though? More housekeeping? Negotiations for an acquiring party or a