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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 Goldendreamon Mar 08, 2012 5:43pm
146 Views
Post# 19646232

RE: RE: RE: new presentation

RE: RE: RE: new presentation

                                  I do appreciate your point of view " wtfigoac".  Indeed, there is a " Reality about this whole matter" that must be looked at in a very sober manner.  The over all state of affairs here leaves much to be desired that's for sure.  I really don't want to sound like I am " Pumping RML" or that I may be " Nieve" about the whole situation. I suppose what I want to come across as is taking a position with an optomistic point of view on the circumstances. Now, that is not to say I am right. It is to say I am willing to take a chance on something of a positive turn out will come on this matter.  I am hoping ( fingers crossed ) that common sense and reasonable thinking people will in the end prevale.  Yes, the government has flubbed up on a lot of ways but perhaps in this case even if they are in control of RML they will realize the value of the expertise RML has in this mining business and default to their better judgement in various matters.  I believe there has been much discussions at the negotiating table over the last 3 months over just how everything should proceed and I am at least right now willing to bet on ( Good Will ) and ( Good Judgement) will prevail.  However, to be safe I have not invested my life savings on my thinking in this matter just taken out a small position to watch and see how things develope and go from there. Happy Investing!

Bullboard Posts