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.

TSXV:RML - Post by User

Rusoro Mining Ltd

Bullboard Posts

Comment by Amadeuson Dec 13, 2018 8:38am

101 Views

Post# 29108242

RE:Liquidation of Citgo

Thanks Qwerty. 2 points. If it is a decision of a US court to liquidate Citgo, they are not likely to say that it's a US 'fault' that VZ haven't in effect paid. They are more likely to ascribe the fault to the mess that VZ got themselves into, particularly with the current anti Maduro pressure from the US administration. Would the courts in fact take that line ? Secondly, what is the value of Citgo and how many are in the queue for it assuming it would eventually be liquidated ?

Bullboard Posts

A junior copper-gold stock trading at a bargain of monumental proportions