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Rusoro Mining Ltd V.RML

Alternate Symbol(s):  RMLFF

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.


TSXV:RML - Post by User

Bullboard Posts
Comment by thinker1951on Jul 18, 2009 7:32pm
240 Views
Post# 16148575

RE: RE: VHEADLINE

RE: RE: VHEADLINEI have read your previous posts wrt the new rules on the sale of gold. I didnt realize the price differential was so great. How can Rusoro or anyone else mine successfully at 270 equivalent dollars per ounce?? Could you do the math again so I see how you have arrived at this figure. Thanks in advance roberto.On a different note 4 million warrants traded hands on thursday for 5 cents each. Someone gave up on rml. I bought in on the down swing at 6 cents. Dont really know if thats good or bad. I admit I entertain the hope that a deal occurs between kry and rml. This news article appears to be a good sign. There is certainly pressure to get mining happening for the creation of jobs for the locals.My bid at 6 cents I thought was more in line with their value but they have traded much higher. I believe that is because others hope or suspect rml will be cut in on any new mining projects. Perhaps La Cristinas will play into their future.
Bullboard Posts