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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 stockcharmeron Sep 19, 2009 1:49pm
182 Views
Post# 16321351

RE: Something is up!!! for RML Rusoro

RE: Something is up!!! for RML RusoroI agree with you panther.  I have been studying mining companies since the early ninties.  I like the growth potential for this co.  Anyone who bashes this company, clearly doesn't have a clue as to what is going on.

I have a question for anyone.... If Rusoro is such a bad company that cannot do anything right; how can,

(a) keep getting financing
(b) keep getting permits
(c) increase production
(d) decreasing cash costs
(e) resolving labour disputes

Isn't it basic business that a company doesn't make a profit for the first 5 years (some exceptions)
After my DD I found that the company is trying to do the best they can, and succeeding

Another question that i think is a big one.
Has there been anything that has stopped this company from progressing forward (not talking about the run for GRZ or KRY)?
Could someone prove this to me?
Thanks ,
SC
Bullboard Posts