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 > Figure the Odds

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Comment by Casper41on Oct 31, 2022 6:37am

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Post# 35059437

RE:RE:Figure the Odds

Thanks Plap. If I remember correctly RML and VZ did get an agreement together in 2018 and VZ sent $100m to RML to get it going but the Canadian bank bowed its head to Trump sanctions and sent the money back. I think that if there are any relaxation of sanctions this would be the favoured option. If not, why would RML not have had a pop at CITGO already ? Maybe that's not so simple. And why is Beruschi investing $1.25m if the prospects are not positive ? GLA

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