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

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Comment by COREDIGGERon Mar 13, 2012 3:01pm

108 Views

Post# 19664079

RE: RE: RE: RE: RE: Venezuela diplomatic Relations

Hi Goldendream,

You've made some outstanding observations and there are other signs in the past on how this will all play out. Please ignore WTFIGOAC. She has been proclaiming RML's imminent bankruptcy since last summer and it hasn't happened. Why? Because creditors are "in the know" on the negotations. She also falsely stated that Rusoro has filed a complaint with the international tribunal. It hasn't. It only said it may.

You are so right that Venezuela could have walked away if they weren't interested in negotiating. Rusoro is the largest producer ... and I have a feeling will only get bigger.

Good to see your fresh perspective on this matter!

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