Rusoro Mining Ltd V.RML

Alternate Symbol(s): RMLFF

Metals & Mining Gold

Rusoro Mining Ltd. is a Canada-based company, which is engaged in the operation, acquisition, exploration and development of gold mining and mineral properties. The Company is a gold producer and explorer, with a land position in the prolific Bolivar State mining region in southern Venezuela. It has gold reserves of approximately 5,584,000 ounces and inferred resources of over 6,805,000 ounces. The Company has two mines in production and ten exploration projects (including development and exploration around the mines) which range from early stage to advanced/development stage gold projects in Venezuela. The Company owns and operates the Choco Mill Facility and has a 95% ownership in the Choco 10 Mine. It holds a 50% ownership interest in the Isidora mine (the Isidora Mine). Its subsidiaries include Proyectos Mineros del Sur, PROMINSUR, C.A., Promotora Minera de Guayana, P.M.G., S.A., Corporacion Aurifera de El Callo, C.A., Corporacion Minera Choco 9 C.A., and Corporacion 80.000 C.A.

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Rusoro Mining Ltd

Bullboard Posts

Comment by thinker1951on May 30, 2009 11:30pm

261 Views

Post# 16030650

RE: RE: RE: RE: RE: How low can it go?

I have to admit that it leaves a bit of a bad taste seeing grz get screwed over. I think rml is positioned to profit from kry and grz losses. Venezuela(chavez) wants a bigger piece of the pie. I see risk here but also high leverage. I didnt understand the one post about the company going private??? The russian's have all lost huge chunks of their money I dont see them or anyone buying out rml right now, not till things stabilize and a clear mining policy is set and being being followed. To much uncertainty. I think there equity issue was well timed and we did well to raise the 80 million now they need to produce results.

Bullboard Posts

Gold begins to flow at Endeavour's Lafigué mine in Côte d'Ivoire