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

Post by stockcharmeron Sep 13, 2009 2:25pm

191 Views

Post# 16301622

vheadline

If a person goes to the vheadline website, scroll down to mining section, you would see that most of the positive news is only about Rusoro/Venrus. I know that the "general public" sees Rusoro as high risk, for the fear that the country would turn against them. I really don't think so. everything there is tightly wound. They got KRY/GRZ to spend a lot of money on their projects and now that all the leg work is done they will scoop it up. I think there are a lot of countries wanting to "teach" the "agressive americans" a lesson. I personally don't have any hard feelings to our neighbours to the south. China is getting ready to teach Goldman/UBS/JP Morgan a massive lesson for manipulating the markets.

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