PAST TOP PICK
Reservoir Minerals

(Top Pick Mar 7/16, Up 75.81%) They were acquired. It was a hard country. People were afraid of it. The tier one assets worked in this case.

Mining
TOP PICK
Reservoir Minerals

This is subject to a takeover offer from Nevsun (NSU-T). The knock against Nevsun is, will they do something stupid with the $400 million that they have in the treasury. The next question is, how do they grow, by buying the superb deposit in Serbia. He expects Nevsun will go up substantially in price having acquired this company. The cheaper way to play this is by owning the company that is being acquired.

Mining
TOP PICK
Reservoir Minerals

If the copper price does not go down they win regardless of who builds the mine. They have a wonderful partner.

Mining
TOP PICK
Reservoir Minerals

A great group. Have about $30 million in cash, that will last them 5 years at the rate they spend it. Have a joint venture with Freeport and made a discovery of a high grade, high sulfidation copper/gold system, and basically have 65 million tons of 2.1% copper and 1.2 g of gold. Very rich and very economic. Freeport is looking for that plus the portion that comes down below it, which should be. They’ve done a lot of to deep drilling and there are 4 rigs on site right now.

Mining
PAST TOP PICK
Reservoir Minerals

(A Past Investing Idea Aug 6/13. Up 84.97%.) Market capitalization of this company is justified by the top part of their deposit. He is hoping that underneath the deposit, there is a very large periphery deposit of copper/gold. The deposit is about 7 km away from the famous Bohr (?) deposit.

Mining
BUY
Reservoir Minerals

Loves it. It is in Serbia. Extremely high grade copper deposit. Freeport is putting all the money in this. He doesn’t see any other discoveries even close to this. He took his cost off the table plus some profit and continues to hold it.

Mining
TOP PICK
Reservoir Minerals

Have had some spectacular drill holes with their partner Freeport McMoran (FCX-N). They are prospect generators. Believes that almost all the downside is based on the mineralization discovered so far and he feels there is a possibility that there is a periphery at depth that is of a size that will interest Freeport.

Mining
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Reservoir Minerals(RMC-X) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Reservoir Minerals is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Reservoir Minerals(RMC-X) Frequently Asked Questions

What is Reservoir Minerals stock symbol?

Reservoir Minerals is a OTC stock, trading under the symbol RMC-X on the (). It is usually referred to as or RMC-X

Is Reservoir Minerals a buy or a sell?

In the last year, there was no coverage of Reservoir Minerals published on Stockchase.

Is Reservoir Minerals a good investment or a top pick?

Reservoir Minerals was recommended as a Top Pick by on . Read the latest stock experts ratings for Reservoir Minerals.

Why is Reservoir Minerals stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Reservoir Minerals worth watching?

In the last year 0 stock analysts on Stockchase covered Reservoir Minerals. The stock is worth watching.

What is Reservoir Minerals stock price?

On , Reservoir Minerals (RMC-X) stock closed at a price of $.