The Conversation (0)
Mineweb’s Lawrence Williams noted that the share price for Reservoir Minerals (TSXV:RMC) has held up around $4 despite the current weak market sentiment. Despite falling from highs of $7 in March, Williams points out that the company is still “one of the top 10 mining related stocks on the TSX Venture Exchange,” and explores why the company might be worth a look.
Mineweb’s Lawrence Williams noted that the share price for Reservoir Minerals (TSXV:RMC) has held up around $4 despite the current weak market sentiment. Despite falling from highs of $7 in March, Williams points out that the company is still “one of the top 10 mining related stocks on the TSX Venture Exchange,” and explores why the company might be worth a look.
As quoted in the publication:
So why does Reservoir stand out? It describes itself as a project generator and its primary exploration focus is in Europe’s Balkans region – specifically in Serbia, which it describes as very mining positive (the country had some significant copper and lead/zinc mines in the past), with excellent infrastructure and low power costs. The area it is primarily concentrating on is one of the world’s great porphyry copper belts which runs down through Serbia, Greece, Turkey, Iran and into Pakistan, with its primary project just 5km away from the big mining centre of Bor. This area has a tremendous mining history and still boasts an important copper mine and smelter, the latter is being upgraded and is looking for feed.