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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 Power4Playon Oct 13, 2018 8:45am
120 Views
Post# 28793927

RE:Gold reserve plc

RE:Gold reserve plc GRZ grossly undervalued, which stand around 350m$, all gold sector been pulled over for couple years. Though investors could go back anytime. RML now valued around 120M$cad which is completely ridiculous, but company been put on hold for quite some years due to assets migration to the new joint enterprise and is about to restart imo, so investors are prudent to enter this stock, with reason though once market realizes RML is awakening for real then share price will follow. Cash from Venezuela is a great thing but the projects to resume is another powerful catalyst here. 
Bullboard Posts