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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 COREDIGGERon Jul 08, 2011 10:33am
224 Views
Post# 18810393

RE: RE: RE: RE: RE: RE: Chavez has cancer. Rock on

RE: RE: RE: RE: RE: RE: Chavez has cancer. Rock onHave you even made an attempt to contact Rusoro?  They are quite open and willing to answer questions.

Obviously you are here because you have an agenda.  You report numbers to support your argument and leave out ones that are inconvinient to your point of view. 

You clearly don't understand Choco and the expansion.  The company never promised to increase production significantly right away.  They've been pusing to get the final feasibility study done and should have a final report soon.  The significant expansion of Choco would take 3 years to implement (similar to what it takes to bring a new mine in production. 

Incredible 6 will come into production soon.  The major obstacle to bringing that on-line is getting the hauling in place. As per news release, the company (Vittoria) is currently working on the logistics with townships in the area, and once that is done - the agreement will be finalized and Incredible 6 will come into production.

While the significant expansion of Choco is still a few years away - there is room to up production there - with the excess capacity of this new hauling project.  So Choco production will likely increase - when that comes into play.

WRT to the financing of a significant expansion at Choco - if a company has a good business plan and proven to be able to mine in venezuela - someone will back the project.

Just try picking up the phone once in a while ... there are people that will address your concerns.
Bullboard Posts