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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 MohanLalon Nov 15, 2016 11:25pm
321 Views
Post# 25466719

RE:RE:RE:Payout SP predictions anyone?

RE:RE:RE:Payout SP predictions anyone?Boys and Girls - before determing RML valuation based off $1.2 billion payment thats due, you need to look at near term milestone i.e. if GRZ gets its payment by Nov 30 as per their amended agreement. If GRZ indeed gets their cash payment 'without any more delays', it will guide towards upward movement of RML (I never call for stock price targets, but just as 'guesstimate' I will say RML can hit possibly $0.60-0.80.
Now talking about $1.2 B payment due from Venezual, you gotta understand the procedure to get full awarded payment can take few years.  These things don't happen overnight or in few months. Rusoro is seeking hefty $1.2bil payment from debt ridden latam nation fighting plethora of internal problems.Looking at GRZ it took them 2+ years to finally complete an agreement on when they would receive payment. Note - GRZ still hasn't received any cash yet.  
All the best, lets keep pumping and bashing on sidelines.
Good night
Bullboard Posts