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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 jensen383on Aug 26, 2011 9:20am
129 Views
Post# 18981737

RE: ... RE: RE: Hmmm ... CORE

RE: ... RE: RE: Hmmm ... COREThis stock is a crap shoot...that is a fact. But until the deal is done, we will not know whether the new model will be workable. There are just too many unknowns right now....like what value is going to be paid for the gold produced or how much money is RML going to be paid for the 55% they are giving up (and yes they will be paid).  The other factor is that given the current dictator survivor rate in the last year, count on an elected dictator like Chavez being gone by the election next year.
Bullboard Posts