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.

TSXV:RML - Post by User

Rusoro Mining Ltd

Bullboard Posts

Comment by Teatimenowon Aug 23, 2016 10:14am

129 Views

Post# 25167317

RE:RE:RE:But Venezuela's Broke..

IN:

math is simple: Look at Gold Reserve Corp (Marketcap 550mm, approx 800mm org. award)

Venezuela will do a deal with RML.
Their main asst has 5+ mm in Proven and Propable Reserves in an Open Pit mines

I would think that with western world knowledge this can be put into production back again quickly and shoukd have AISC around 850-900 US$/oz.

RML will likely get some Tax deductios and a great deal for some yrs.

Venezuala has such bad trouble that they will understand:
Some Royalty and small Tax froma well run mine is better than 0% Royalty and 0 Tax from
a not running mine.

RML should trade up to GRZ marketcap as things develop.

chrs
teatime

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